Vipshop Holdings Ltd – ADR (VIPS) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Aug 16, 2016.
Many Wall Street Analysts have commented on Vipshop Holdings Ltd – ADR. Company shares were Reiterated by Stifel on Aug 16, 2016 to “Buy”, Firm has raised the Price Target to $ 21.50 from a previous price target of $18 .
On the company’s financial health, Vipshop Holdings Ltd – ADR reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 15, 2016. Analyst had a consensus of $0.15. The company had revenue of $2022.30 million for the quarter, compared to analysts expectations of $1919.76 million. During the same quarter in the previous year, the company posted $0.14 EPS.
Vipshop Holdings Ltd – ADR opened for trading at $15.8 and hit $16.54 on the upside on Monday, eventually ending the session at $16.01, with a gain of 3.16% or 0.49 points. The heightened volatility saw the trading volume jump to 2,05,40,406 shares. Company has a market cap of $9,387 M.
Vipshop Holdings Limited is a holding company. The Company through its wholly owned subsidiaries operates as an online discount retailer for brands in China. The Company offers a range of apparel fashion goods cosmetics home goods and lifestyle products from domestic and international brands. The Company’s product categories include womenswear menswear footwear accessories handbags children sportswear and sporting goods cosmetics home goods and other lifestyle products luxury goods and gifts and miscellaneous. The Company offers branded products to consumers through flash sales model on its vip.com Website. The Company has launched channels on its Website which include Vipshop Beauty Vipshop Home Vipshop Baby and Global Sale. The Company also offers a range of products and services through lefeng.com specializing in branded cosmetics apparel healthcare products food and other consumer products.