Vipshop Holdings Ltd – (VIPS) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS
Vipshop Holdings Ltd – (NASDAQ:VIPS) released its earnings data on Wednesday. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.15, American Banking & Market News reports. The company had revenue of $701.90 million for the quarter, compared to the consensus estimate of $650.50 million.
Several analysts have recently commented on the stock. Analysts at Brean Capital initiated coverage on shares of Vipshop Holdings Ltd – in a research note on Tuesday. They set a “buy” rating and a $185.00 price target on the stock. On a related note, analysts at Zacks downgraded shares of Vipshop Holdings Ltd – from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $161.30 price target on the stock. Finally, analysts at Nomura raised their price target on shares of Vipshop Holdings Ltd – from $204.00 to $210.00 in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Vipshop Holdings Ltd – has an average rating of “Buy” and an average price target of $159.48.
Shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) traded up 2.42% during mid-day trading on Wednesday, hitting $150.025. The stock had a trading volume of 1,846,025 shares. Vipshop Holdings Ltd – has a 52-week low of $23.26 and a 52-week high of $182.00. The stock’s 50-day moving average is $144.0 and its 200-day moving average is $111.4. The company has a market cap of $8.479 billion and a price-to-earnings ratio of 162.76.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
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