Analysts Set $17.40 Target Price for Secoo Holding Ltd – (SECO)

Secoo Holding Ltd – (NASDAQ:SECO) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $17.40 for the company and are anticipating that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also given Secoo an industry rank of 109 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded shares of Secoo from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 15th.

Large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of Secoo during the first quarter worth about $125,000. Krane Funds Advisors LLC purchased a new stake in shares of Secoo during the second quarter worth about $2,371,000. Epoch Investment Partners Inc. grew its stake in shares of Secoo by 35.9% during the second quarter. Epoch Investment Partners Inc. now owns 246,007 shares of the company’s stock worth $1,988,000 after acquiring an additional 65,002 shares during the last quarter. Finally, Indus Capital Partners LLC purchased a new stake in shares of Secoo during the second quarter worth about $3,075,000. 19.15% of the stock is currently owned by institutional investors.

Shares of NASDAQ:SECO opened at $8.54 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.79 and a current ratio of 2.85. Secoo has a 12-month low of $6.78 and a 12-month high of $15.48. The firm has a market cap of $109.48 million and a price-to-earnings ratio of 11.24.

Secoo (NASDAQ:SECO) last announced its earnings results on Thursday, September 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). Secoo had a net margin of 3.25% and a return on equity of 11.39%. The firm had revenue of $184.39 million for the quarter, compared to analyst estimates of $168.83 million. On average, sell-side analysts forecast that Secoo will post 0.67 earnings per share for the current fiscal year.

About Secoo

Secoo Holding Limited, through its subsidiaries, operates an integrated online and offline shopping platform in the People's Republic of China and internationally. The company provides upscale brand products and services, including bags, watches, women's and men's wear, footwear, children's wear, sportswear, cosmetics and skin care products, jewelry, accessories, automobiles, home goods, fine food and beverage products, arts, and Chinese original products, as well as lifestyle services through its Website, mobile applications, and offline experience centers.

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