Brokerages expect that Vipshop Holdings Ltd – (NYSE:VIPS) will post sales of $2.57 billion for the current quarter, according to Zacks. Two analysts have issued estimates for Vipshop’s earnings. The highest sales estimate is $2.60 billion and the lowest is $2.55 billion. Vipshop reported sales of $2.30 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.7%. The company is expected to announce its next earnings results on Monday, November 19th.

On average, analysts expect that Vipshop will report full-year sales of $12.61 billion for the current financial year, with estimates ranging from $12.51 billion to $12.72 billion. For the next year, analysts forecast that the business will report sales of $14.95 billion per share, with estimates ranging from $14.85 billion to $15.06 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Vipshop.

Vipshop (NYSE:VIPS) last issued its earnings results on Monday, August 13th. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.73. Vipshop had a return on equity of 15.75% and a net margin of 2.78%. The company had revenue of $20.74 billion for the quarter, compared to analysts’ expectations of $21.23 billion. During the same period last year, the business earned $1.18 EPS. Vipshop’s quarterly revenue was up 18.4% compared to the same quarter last year.

A number of equities research analysts recently commented on VIPS shares. Daiwa Capital Markets lowered Vipshop from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $16.00 to $8.00 in a research report on Tuesday, August 14th. ValuEngine raised Vipshop from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Goldman Sachs Group lowered Vipshop from a “buy” rating to a “neutral” rating and set a $14.30 price target for the company. in a research report on Wednesday, July 11th. Zacks Investment Research lowered Vipshop from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Finally, CLSA raised Vipshop from an “underperform” rating to an “outperform” rating in a research report on Tuesday, June 26th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.65.

Several institutional investors have recently made changes to their positions in VIPS. Levin Capital Strategies L.P. purchased a new stake in shares of Vipshop during the 2nd quarter valued at $108,000. Greenleaf Trust purchased a new stake in shares of Vipshop during the 2nd quarter valued at $122,000. Bridgewater Associates LP purchased a new stake in shares of Vipshop during the 2nd quarter valued at $137,000. Wexford Capital LP purchased a new stake in shares of Vipshop during the 1st quarter valued at $181,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Vipshop during the 2nd quarter valued at $183,000. 50.06% of the stock is owned by hedge funds and other institutional investors.

Shares of VIPS opened at $5.99 on Tuesday. Vipshop has a 12-month low of $5.74 and a 12-month high of $19.14. The firm has a market capitalization of $3.99 billion, a P/E ratio of 10.33 and a beta of 1.75.

Vipshop Company Profile

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.

Further Reading: Hedge Funds – How They Work For Investors

Get a free copy of the Zacks research report on Vipshop (VIPS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Vipshop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop and related companies with MarketBeat.com's FREE daily email newsletter.