Vipshop (NYSE:VIPS) Releases Quarterly Earnings Results, Beats Estimates By $0.59 EPS

Vipshop (NYSE:VIPS) announced its quarterly earnings results on Tuesday. The technology company reported $1.18 EPS for the quarter, topping the consensus estimate 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 Price Performance

VIPS opened at $14.33 on Tuesday. The firm has a market capitalization of $6.86 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 1.47 and a beta of 0.67. The business’s 50-day moving average is $14.21 and its two-hundred day moving average is $15.00. Vipshop has a 1 year low of $12.65 and a 1 year high of $21.08.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VIPS. Virtu Financial LLC acquired a new position in shares of Vipshop during the fourth quarter worth $482,000. Kovitz Investment Group Partners LLC boosted its position in shares of Vipshop by 5.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 79,065 shares of the technology company’s stock worth $1,399,000 after purchasing an additional 3,730 shares in the last quarter. Compound Planning Inc. boosted its position in shares of Vipshop by 13.8% in the 4th quarter. Compound Planning Inc. now owns 15,351 shares of the technology company’s stock worth $272,000 after purchasing an additional 1,863 shares in the last quarter. Invesco Ltd. grew its stake in Vipshop by 0.9% during the 4th quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock worth $298,335,000 after buying an additional 148,970 shares during the last quarter. Finally, Alberta Investment Management Corp grew its stake in Vipshop by 441.6% during the 4th quarter. Alberta Investment Management Corp now owns 119,700 shares of the technology company’s stock worth $2,117,000 after buying an additional 97,600 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vipshop in a research report on Friday. Wall Street Zen downgraded 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 stock a “buy” rating in a research note on Friday, May 22nd. Bank of America reiterated an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.02.

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.