Vipshop Holdings Ltd – (NYSE:VIPS) Forecasted to Post Q1 2018 Earnings of $0.11 Per Share

Vipshop Holdings Ltd – (NYSE:VIPS) – KeyCorp reduced their Q1 2018 earnings per share estimates for shares of Vipshop in a report released on Tuesday, Zacks Investment Research reports. KeyCorp analyst H. Chung now anticipates that the technology company will earn $0.11 per share for the quarter, down from their previous estimate of $0.12. KeyCorp currently has a “Buy” rating and a $17.00 target price on the stock. KeyCorp also issued estimates for Vipshop’s Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.22 EPS and FY2018 earnings at $0.60 EPS.

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

Several other research firms have also commented on VIPS. Zacks Investment Research lowered shares of Vipshop from a “hold” rating to a “sell” rating in a research note on Friday, November 24th. UBS Group initiated coverage on shares of Vipshop in a research note on Monday, October 30th. They issued a “neutral” rating and a $9.00 price target for the company. Daiwa Capital Markets upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. Sanford C. Bernstein upgraded shares of Vipshop from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research note on Tuesday, January 16th. Finally, HSBC upgraded shares of Vipshop from a “reduce” rating to a “hold” rating in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $13.43.

Vipshop (VIPS) traded up $0.03 during midday trading on Friday, hitting $15.34. 23,046,528 shares of the stock traded hands, compared to its average volume of 12,586,326. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54. Vipshop has a twelve month low of $7.79 and a twelve month high of $17.75. The stock has a market capitalization of $9,101.45, a price-to-earnings ratio of 31.96 and a beta of 2.45.

A number of hedge funds have recently added to or reduced their stakes in VIPS. 1st Global Advisors Inc. raised its holdings in Vipshop by 1.5% during the second quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock worth $113,000 after purchasing an additional 160 shares in the last quarter. Advisors Preferred LLC acquired a new stake in Vipshop during the third quarter worth approximately $117,000. Resources Investment Advisors Inc. raised its holdings in Vipshop by 296.6% during the fourth quarter. Resources Investment Advisors Inc. now owns 12,414 shares of the technology company’s stock worth $145,000 after purchasing an additional 9,284 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Vipshop during the fourth quarter worth approximately $172,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Vipshop during the second quarter worth approximately $175,000. 52.46% of the stock is currently owned by institutional investors.

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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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