Vipshop (NYSE:VIPS) issued its earnings results on Wednesday. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $1.46, Briefing.com reports. The business had revenue of $21.72 billion for the quarter, compared to analyst estimates of $21.60 billion. Vipshop had a net margin of 2.89% and a return on equity of 12.56%. Vipshop’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 earnings per share. Vipshop updated its Q3 2019 guidance to EPS.
Shares of Vipshop stock traded up $0.93 during trading hours on Thursday, reaching $7.19. The company’s stock had a trading volume of 1,426,924 shares, compared to its average volume of 5,381,571. Vipshop has a one year low of $4.30 and a one year high of $9.26. The stock has a market cap of $4.17 billion, a P/E ratio of 16.74 and a beta of 1.93. The business has a fifty day simple moving average of $7.70.
Several brokerages recently issued reports on VIPS. Citigroup raised shares of Vipshop from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 28th. Credit Suisse Group raised shares of Vipshop from a “neutral” rating to an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. raised shares of Vipshop from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $6.50 to $11.00 in a research note on Tuesday, April 30th. ValuEngine lowered shares of Vipshop from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 11th. Finally, UBS Group lowered shares of Vipshop from a “neutral” rating to a “sell” rating in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $8.11.
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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