Vipshop Holdings Limited (NYSE:VIPS) Expected to Announce Quarterly Sales of $3.39 Billion

Wall Street brokerages expect Vipshop Holdings Limited (NYSE:VIPSGet Rating) to post $3.39 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Vipshop’s earnings. The highest sales estimate is $3.40 billion and the lowest is $3.38 billion. Vipshop reported sales of $4.59 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 26.1%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Vipshop will report full-year sales of $15.57 billion for the current year, with estimates ranging from $14.92 billion to $16.15 billion. For the next financial year, analysts forecast that the company will report sales of $17.00 billion, with estimates ranging from $15.06 billion to $18.18 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Vipshop.

Vipshop (NYSE:VIPSGet Rating) last announced its quarterly earnings data on Thursday, May 19th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.19. Vipshop had a net margin of 3.72% and a return on equity of 15.55%. The business had revenue of $23.93 billion for the quarter, compared to analysts’ expectations of $25.69 billion. During the same period last year, the firm posted $0.32 earnings per share. The firm’s quarterly revenue was down 12.1% compared to the same quarter last year.

A number of brokerages have recently commented on VIPS. Zacks Investment Research lowered shares of Vipshop from a “buy” rating to a “hold” rating in a report on Friday. Citigroup lowered shares of Vipshop from a “neutral” rating to a “sell” rating and dropped their target price for the company from $8.60 to $7.80 in a report on Friday, May 20th. StockNews.com began coverage on shares of Vipshop in a report on Thursday, March 31st. They issued a “hold” rating on the stock. JPMorgan Chase & Co. dropped their target price on shares of Vipshop from $9.00 to $7.00 in a report on Monday, March 14th. Finally, Morgan Stanley lowered shares of Vipshop from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $15.00 to $10.00 in a report on Thursday, February 24th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, Vipshop presently has a consensus rating of “Hold” and a consensus price target of $12.84.

Shares of NYSE:VIPS opened at $9.11 on Friday. The firm has a market cap of $6.19 billion, a PE ratio of 9.59 and a beta of 0.66. The firm’s fifty day moving average is $8.21 and its 200-day moving average is $8.79. Vipshop has a 52 week low of $5.75 and a 52 week high of $24.49.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Vipshop by 3.6% during the fourth quarter. BlackRock Inc. now owns 26,604,163 shares of the technology company’s stock worth $223,473,000 after purchasing an additional 915,418 shares during the last quarter. Hhlr Advisors LTD. boosted its holdings in Vipshop by 147.1% during the first quarter. Hhlr Advisors LTD. now owns 22,150,493 shares of the technology company’s stock worth $199,354,000 after purchasing an additional 13,186,741 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Vipshop by 1.0% during the first quarter. Vanguard Group Inc. now owns 16,345,728 shares of the technology company’s stock worth $147,111,000 after purchasing an additional 163,532 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Vipshop during the fourth quarter worth about $115,268,000. Finally, Krane Funds Advisors LLC boosted its holdings in Vipshop by 22.5% during the first quarter. Krane Funds Advisors LLC now owns 12,492,987 shares of the technology company’s stock worth $112,437,000 after purchasing an additional 2,297,126 shares during the last quarter. 54.52% of the stock is owned by institutional investors.

About Vipshop (Get Rating)

Vipshop Holdings Limited operates online platforms for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items.

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