Vipshop (VIPS) Stock Price Up 6.8% After Better-Than-Expected Earnings
Shares of Vipshop Holdings Ltd – (NYSE:VIPS) rose 6.8% on Monday following a better than expected earnings announcement. The company traded as high as $16.46 and last traded at $16.39. Approximately 14,397,714 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 13,569,211 shares. The stock had previously closed at $15.34.
The technology company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Vipshop had a net margin of 3.00% and a return on equity of 34.85%.
VIPS has been the subject of several research reports. Daiwa Capital Markets upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. KeyCorp set a $13.00 target price on shares of Vipshop and gave the stock a “buy” rating in a research report on Thursday, October 19th. Sanford C. Bernstein upgraded shares of Vipshop from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research report on Tuesday, January 16th. Finally, UBS Group initiated coverage on shares of Vipshop in a research report on Monday, October 30th. They issued a “neutral” rating and a $9.00 target price for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $14.12.
The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54. The stock has a market cap of $10,380.00, a PE ratio of 34.98 and a beta of 2.45.
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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