KeyCorp Equities Analysts Increase Earnings Estimates for Vipshop Holdings Ltd – (NYSE:VIPS)

Vipshop Holdings Ltd – (NYSE:VIPS) – KeyCorp lifted their Q4 2019 EPS estimates for shares of Vipshop in a report released on Wednesday, November 13th. KeyCorp analyst H. Chung now forecasts that the technology company will earn $0.29 per share for the quarter, up from their previous forecast of $0.26. KeyCorp currently has a “Overweight” rating and a $14.00 price objective on the stock. KeyCorp also issued estimates for Vipshop’s Q4 2020 earnings at $0.32 EPS.

A number of other brokerages also recently issued reports on VIPS. TheStreet upgraded Vipshop from a “c” rating to a “b-” rating in a report on Tuesday, September 10th. ValuEngine upgraded Vipshop from a “strong sell” rating to a “sell” rating in a report on Friday, August 16th. Jefferies Financial Group upgraded Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Credit Suisse Group upgraded Vipshop from a “neutral” rating to an “outperform” rating in a report on Thursday, August 15th. Finally, New Street Research upgraded Vipshop from a “neutral” rating to a “buy” rating and boosted their price target for the company from $6.00 to $9.50 in a report on Friday, August 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $10.58.

Shares of NYSE:VIPS opened at $12.21 on Monday. Vipshop has a 1 year low of $5.04 and a 1 year high of $13.00. The company has a market cap of $8.35 billion, a PE ratio of 28.40 and a beta of 1.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.92 and a quick ratio of 0.83. The stock’s 50-day moving average is $10.45 and its 200 day moving average is $8.69.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $1.65. Vipshop had a return on equity of 17.41% and a net margin of 3.62%. The firm had revenue of $19.61 billion for the quarter, compared to the consensus estimate of $18.53 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Vipshop by 1.0% during the 2nd quarter. BlackRock Inc. now owns 23,182,882 shares of the technology company’s stock valued at $200,067,000 after acquiring an additional 219,305 shares in the last quarter. Morgan Stanley boosted its position in Vipshop by 26.0% during the 2nd quarter. Morgan Stanley now owns 18,731,443 shares of the technology company’s stock valued at $161,651,000 after acquiring an additional 3,865,045 shares in the last quarter. Invesco Ltd. boosted its position in Vipshop by 30.1% during the 2nd quarter. Invesco Ltd. now owns 17,957,021 shares of the technology company’s stock valued at $154,968,000 after acquiring an additional 4,155,879 shares in the last quarter. Vanguard Group Inc. boosted its position in Vipshop by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 15,485,663 shares of the technology company’s stock valued at $133,642,000 after acquiring an additional 118,223 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Vipshop by 0.8% during the 2nd quarter. Wells Fargo & Company MN now owns 14,897,950 shares of the technology company’s stock valued at $128,570,000 after acquiring an additional 116,984 shares in the last quarter. 47.58% of the stock is currently owned by institutional investors and hedge funds.

About Vipshop

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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