Vipshop Holdings Ltd – ADR (VIPS) was Resumed by JP Morgan to “Neutral”. JP Morgan advised their investors in a research report released on Aug 31, 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 .Vipshop Holdings Ltd – ADR was Upgraded by BofA/Merrill to ” Buy” on Aug 16, 2016.
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 closed down -0.33 points or -2.23% at $14.47 with 52,80,839 shares getting traded on Monday. Post opening the session at $14.77, the shares hit an intraday low of $14.41 and an intraday high of $14.895 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.