Vipshop (VIPS) Scheduled to Post Earnings on Tuesday

Vipshop (NYSE:VIPS – Get Rating) is set to announce its earnings results before the market opens on Tuesday, May 23rd. Analysts expect Vipshop to post earnings of $0.33 per share for the quarter. Vipshop has set its Q1 2023 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Vipshop (NYSE:VIPS – Get Rating) last released its earnings results on Thursday, February 23rd. The technology company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.52 billion. Vipshop had a net margin of 6.05% and a return on equity of 16.75%. On average, analysts expect Vipshop to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vipshop Stock Performance

Vipshop stock opened at $14.88 on Friday. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 10.26 and a beta of 0.44. Vipshop has a 1 year low of $6.36 and a 1 year high of $16.35. The firm’s 50 day moving average price is $15.09 and its two-hundred day moving average price is $13.78.

Analysts Set New Price Targets

VIPS has been the topic of a number of recent research reports. Daiwa Capital Markets upgraded Vipshop from a “neutral” rating to an “outperform” rating and set a $17.30 target price on the stock in a report on Wednesday, March 29th. UBS Group upped their target price on Vipshop from $17.50 to $18.00 and gave the company a “buy” rating in a report on Monday, April 3rd. Nomura Instinet raised Vipshop from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.00 to $17.00 in a report on Friday, February 24th. StockNews.com began coverage on Vipshop in a report on Thursday. They set a “buy” rating for the company. Finally, Benchmark raised Vipshop from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, February 24th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.08.

Institutional Investors Weigh In On Vipshop

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Vipshop by 6.1% in the 1st quarter. BlackRock Inc. now owns 27,113,695 shares of the technology company’s stock worth $411,586,000 after acquiring an additional 1,547,139 shares in the last quarter. Vanguard Group Inc. lifted its stake in Vipshop by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 16,345,728 shares of the technology company’s stock worth $147,111,000 after acquiring an additional 163,532 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Vipshop by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,927,203 shares of the technology company’s stock worth $98,379,000 after acquiring an additional 1,069,930 shares in the last quarter. State Street Corp lifted its stake in Vipshop by 2.6% in the 1st quarter. State Street Corp now owns 9,673,583 shares of the technology company’s stock worth $87,062,000 after acquiring an additional 241,500 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Vipshop by 10.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,060,861 shares of the technology company’s stock worth $122,364,000 after acquiring an additional 755,084 shares in the last quarter. 49.81% of the stock is owned by hedge funds and other institutional investors.

About Vipshop

(Get Rating)

Vipshop Holdings Ltd. operates as a holding company which through its subsidiaries engages in the provision of online product sales and distributions services. It offers womenswear, menswear, footwear, accessories, handbags, apparel for children, sportswear and sporting goods, cosmetic goods, home and lifestyle products, luxury goods, and gifts and miscellaneous.