$3.88 Billion in Sales Expected for Vipshop Holdings Limited (NYSE:VIPS) This Quarter

Equities research analysts expect that Vipshop Holdings Limited (NYSE:VIPS) will post sales of $3.88 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Vipshop’s earnings. Vipshop posted sales of $3.41 billion in the same quarter last year, which would indicate a positive year over year growth rate of 13.8%. The firm is scheduled to announce its next earnings report on Friday, November 12th.

According to Zacks, analysts expect that Vipshop will report full-year sales of $18.74 billion for the current financial year, with estimates ranging from $18.59 billion to $18.83 billion. For the next financial year, analysts forecast that the firm will report sales of $20.73 billion, with estimates ranging from $19.88 billion to $21.56 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Vipshop.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Tuesday, August 17th. The technology company reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $1.80. Vipshop had a return on equity of 21.13% and a net margin of 5.40%. The company had revenue of $29.61 billion for the quarter, compared to analyst estimates of $29.64 billion. During the same period in the previous year, the company posted $1.92 earnings per share. The firm’s revenue was up 22.8% on a year-over-year basis.

VIPS has been the subject of a number of recent research reports. Zacks Investment Research cut Vipshop from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 25th. Credit Suisse Group cut Vipshop from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $29.00 to $16.00 in a research note on Thursday, August 19th. HSBC lowered their price objective on Vipshop from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, May 20th. Benchmark decreased their price target on Vipshop from $37.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 19th. Finally, UBS Group cut Vipshop from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $17.00 in a research note on Friday, September 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $28.27.

A number of institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC increased its position in Vipshop by 36.1% during the first quarter. Quadrant Capital Group LLC now owns 2,026 shares of the technology company’s stock valued at $60,000 after acquiring an additional 537 shares during the last quarter. Infusive Asset Management Inc. increased its position in Vipshop by 13.6% during the first quarter. Infusive Asset Management Inc. now owns 4,747 shares of the technology company’s stock valued at $142,000 after acquiring an additional 568 shares during the last quarter. FinTrust Capital Advisors LLC increased its position in Vipshop by 52.5% during the second quarter. FinTrust Capital Advisors LLC now owns 3,278 shares of the technology company’s stock valued at $66,000 after acquiring an additional 1,128 shares during the last quarter. Profund Advisors LLC increased its position in Vipshop by 5.7% during the first quarter. Profund Advisors LLC now owns 21,635 shares of the technology company’s stock valued at $646,000 after acquiring an additional 1,168 shares during the last quarter. Finally, TownSquare Capital LLC grew its holdings in Vipshop by 15.0% during the first quarter. TownSquare Capital LLC now owns 9,362 shares of the technology company’s stock valued at $280,000 after purchasing an additional 1,218 shares during the period. Institutional investors own 47.36% of the company’s stock.

NYSE:VIPS traded down $0.38 during trading hours on Friday, reaching $13.11. 360,379 shares of the company traded hands, compared to its average volume of 12,820,433. The business’s 50-day moving average price is $16.39 and its two-hundred day moving average price is $24.21. The stock has a market capitalization of $9.01 billion, a P/E ratio of 9.30 and a beta of 0.56. Vipshop has a 1 year low of $13.02 and a 1 year high of $46.00.

About Vipshop

VipShop Holdings Ltd. engages in the provision of online products sales and distributions services. It offers womenswear; menswear; footwear; accessories; handbags; apparel for children; sportswear and sporting goods; cosmetic goods; home and lifestyle products; luxury goods; and gifts and miscellaneous.

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