Vipshop Holdings Ltd – (VIPS) Expected to Post Quarterly Sales of $3.52 Billion

Wall Street brokerages predict that Vipshop Holdings Ltd – (NYSE:VIPS) will report $3.52 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Vipshop’s earnings. The lowest sales estimate is $3.52 billion and the highest is $3.53 billion. Vipshop posted sales of $2.73 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 28.9%. The business is scheduled to report its next 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 fiscal year, with estimates ranging from $10.85 billion to $10.91 billion. For the next fiscal year, analysts anticipate that the business will report sales of $13.51 billion per share, with estimates ranging from $12.88 billion to $14.14 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Vipshop.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Monday, November 20th. The technology company reported $0.10 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. Vipshop had a return on equity of 34.85% and a net margin of 3.00%.

VIPS has been the subject of a number of research reports. Daiwa Capital Markets upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. KeyCorp set a $13.00 target price on Vipshop and gave the company a “buy” rating in a research note on Thursday, October 19th. BidaskClub downgraded Vipshop from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 10th. UBS Group initiated coverage on Vipshop in a research note on Monday, October 30th. They issued a “neutral” rating and a $9.00 target price for the company. Finally, Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.43.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Neuberger Berman Group LLC raised its holdings in Vipshop by 3,636.3% during 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 in the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd raised its holdings 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 worth $41,829,000 after purchasing an additional 4,292,600 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings 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 worth $34,250,000 after purchasing an additional 3,300,586 shares in the last quarter. Prudential PLC raised its holdings in Vipshop by 49.2% during the second quarter. Prudential PLC now owns 8,708,200 shares of the technology company’s stock worth $91,872,000 after purchasing an additional 2,871,600 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Vipshop by 22.8% during the third quarter. Schroder Investment Management Group now owns 13,252,891 shares of the technology company’s stock worth $121,927,000 after purchasing an additional 2,461,480 shares in the last quarter. Institutional investors and hedge funds own 52.93% of the company’s stock.

Shares of Vipshop (NYSE:VIPS) traded up $0.31 during mid-day trading on Friday, reaching $15.93. The company’s stock had a trading volume of 14,860,000 shares, compared to its average volume of 13,820,000. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 1.05. Vipshop has a 12 month low of $7.79 and a 12 month high of $16.47. The firm has a market capitalization of $9,450.00, a P/E ratio of 32.51 and a beta of 2.10.

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About Vipshop

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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