Brokerages Anticipate Vipshop Holdings Ltd – (VIPS) Will Announce Quarterly Sales of $3.52 Billion

Analysts expect Vipshop Holdings Ltd – (NYSE:VIPS) to post sales of $3.52 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Vipshop’s earnings, with estimates ranging from $3.52 billion to $3.53 billion. Vipshop reported sales of $2.73 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 28.9%. The company is scheduled to report its next quarterly earnings report on Monday, February 19th.

According to Zacks, analysts expect that Vipshop will report full-year sales of $3.52 billion for the current year, with estimates ranging from $10.85 billion to $10.91 billion. For the next year, analysts expect that the business will post sales of $12.91 billion per share, with estimates ranging from $12.88 billion to $12.94 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Vipshop.

VIPS has been the topic of several analyst reports. Daiwa Capital Markets raised Vipshop from a “hold” rating to a “buy” rating in a report on Monday, December 18th. KeyCorp set a $13.00 target price on Vipshop and gave the stock a “buy” rating in a report on Thursday, October 19th. BidaskClub downgraded Vipshop from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 10th. Zacks Investment Research downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, UBS Group initiated coverage on Vipshop in a report on Monday, October 30th. They issued a “neutral” rating and a $9.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.95.

Vipshop (VIPS) traded down $0.30 during trading on Thursday, reaching $12.20. The company’s stock had a trading volume of 7,657,700 shares, compared to its average volume of 9,283,600. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 0.54. Vipshop has a twelve month low of $7.79 and a twelve month high of $15.49. The company has a market capitalization of $7,140.00, a P/E ratio of 25.42 and a beta of 2.10.

Several hedge funds have recently bought and sold shares of VIPS. Neuberger Berman Group LLC raised its stake in shares of Vipshop by 3,636.3% in the third quarter. Neuberger Berman Group LLC now owns 5,304,737 shares of the technology company’s stock worth $46,629,000 after purchasing an additional 5,162,758 shares during the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd increased its position in Vipshop by 921.0% during the third quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 4,758,700 shares of the technology company’s stock valued at $41,829,000 after acquiring an additional 4,292,600 shares during the last quarter. Commonwealth Bank of Australia increased its position in Vipshop by 316,672.7% during the second quarter. Commonwealth Bank of Australia now owns 3,484,500 shares of the technology company’s stock valued at $36,761,000 after acquiring an additional 3,483,400 shares during the last quarter. Pictet Asset Management Ltd. increased its position in Vipshop by 553.9% during the third quarter. Pictet Asset Management Ltd. now owns 3,896,476 shares of the technology company’s stock valued at $34,250,000 after acquiring an additional 3,300,586 shares during the last quarter. Finally, Prudential PLC increased its position in Vipshop by 49.2% during the second quarter. Prudential PLC now owns 8,708,200 shares of the technology company’s stock valued at $91,872,000 after acquiring an additional 2,871,600 shares during the last quarter. Hedge funds and other institutional investors own 53.22% of the company’s stock.

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Vipshop Company Profile

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

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