Vipshop Holdings Ltd – (VIPS) Posts Quarterly Earnings, Beats Estimates By $0.08 EPS
Vipshop Holdings Ltd – (NASDAQ:VIPS) released its earnings data on Wednesday. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.08, American Banking News.com reports. The company had revenue of $829.40 million for the quarter, compared to the consensus estimate of $791.55 million.
A number of research firms have recently commented on VIPS. Analysts at Citigroup Inc. initiated coverage on shares of Vipshop Holdings Ltd – in a research note on Thursday, July 24th. They set a “buy” rating and a $248.90 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, July 22nd. They now have a $205.20 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Vipshop Holdings Ltd – in a research note on Wednesday, July 2nd. They set a “buy” rating and a $240.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $193.72.
Shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) traded up 4.36% on Wednesday, hitting $229.18. 2,327,994 shares of the company’s stock traded hands. Vipshop Holdings Ltd – has a 1-year low of $38.08 and a 1-year high of $221.70. The stock’s 50-day moving average is $200. and its 200-day moving average is $158.8. The company has a market cap of $12.952 billion and a price-to-earnings ratio of 175.26.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
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