Vipshop (NYSE:VIPS) Announces Quarterly Earnings Results

Vipshop (NYSE:VIPS) issued its quarterly earnings data on Tuesday. The technology company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.59, FiscalAI reports. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Vipshop had a net margin of 7.08% and a return on equity of 16.90%.

Vipshop Stock Down 1.4%

Shares of NYSE VIPS opened at $14.33 on Tuesday. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 1.47 and a beta of 0.67. The company’s 50-day simple moving average is $14.21 and its 200-day simple moving average is $15.00. Vipshop has a 52-week low of $12.65 and a 52-week high of $21.08.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VIPS shares. Bank of America reissued an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vipshop in a report on Friday. Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Monday. UBS Group set a $18.50 target price on Vipshop and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.02.

Institutional Investors Weigh In On Vipshop

Several institutional investors have recently bought and sold shares of VIPS. Invesco Ltd. lifted its position in shares of Vipshop by 87.2% in the third quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company’s stock valued at $328,295,000 after acquiring an additional 7,785,027 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Vipshop by 23,837.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,792,794 shares of the technology company’s stock valued at $49,405,000 after purchasing an additional 2,781,127 shares during the last quarter. Orbis Allan Gray Ltd raised its stake in Vipshop by 12.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock valued at $191,316,000 after purchasing an additional 1,227,325 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Vipshop by 29.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock valued at $77,326,000 after purchasing an additional 1,126,983 shares in the last quarter. Finally, Clark Capital Management Group Inc. boosted its stake in Vipshop by 116.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 2,016,405 shares of the technology company’s stock worth $35,670,000 after purchasing an additional 1,084,515 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.