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March 4, 2014
12:36 EDTDANG, VIPSVipshop soars to 52-week high after results, guidance top expectations
Shares of Vipshop (VIPS), a Chinese online discount retailer, are soaring after the company's fourth quarter results and first quarter guidance easily surpassed expectations. WHAT'S NEW: Last night, Vipshop reported Q4 adjusted EPS of 49c and revenue of $651M, easily topping expectations of 41c and $559.43M, respectively. The company forecast Q1 revenue of $640M-$650M, compared to consensus of $554.46M. ANALYST REACTION: Following the quarterly report, Piper Jaffray and Deutsche Bank both raised their respective price targets on Vipshop. Piper Jaffray raised its price target to $207 from $102, saying the company's latest results suggest its "fast becoming the next T.J. Maxx." Piper continued to recommend Vipshop with an Overweight rating. Deutsche Bank raised its price target on the shares to $184 from $134, citiing the company's better than expected results and outlook. PRICE ACTION: In late morning trading, Vipshop rose $39.02, or 30.56%, to $166.80 on nearly six times its average daily trading volume. Earlier in the session, the stock made a new 52-week high of $182.00. Including today's move, the stock has gained nearly 573% over the past twelve months. OTHERS TO WATCH: Another Chinese e-commerce company, E-Commerce China Dangdang (DANG), was up 12% on the session.
News For VIPS;DANG From The Last 14 Days
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February 20, 2015
10:30 EDTVIPSOptions with decreasing implied volatility
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February 18, 2015
07:55 EDTVIPSVipshop results show increased market penetration, says Brean Capital
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February 17, 2015
12:14 EDTVIPSVipshop price target raised to $30 from $26 at Piper Jaffray
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09:20 EDTVIPSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vipshop Holdings (VIPS), up 10.9%... VASCO Data Security (VDSI), up 7.1%... Waste Management (WM), up 3.7%. ALSO HIGHER: Starwood Hotels (HOT), up 1.9% after appointing Adam Aron as interim CEO... Sarepta Therapeutics (SRPT), up 7.3% after being upgraded at BofA/Merrill... Navidea Biopharmaceuticals (NAVB), up 7.5% after publishing results of phase 3 Lymphoseek trial... Campus Crest (CCG), up 7.7% after announcing that it will explore strategic alternatives as well as Clinton Group and Campus Evolution proxy contest... Cyren (CYRN), up 7.1% following distribution agreement with ALSO Deutschland. DOWN AFTER EARNINGS: Helix Energy (HLX), down 13.3%... Walter Energy (WLT), down 10.1%. ALSO LOWER: Celsus Therapeutics (CLTX), down 82.3% after MRX-6 Cream 2% Phase II trial did not meet primary endpoint... Vascular Biogenics (VBLT), down 53.2% after reporting that VB-201 Phase 2 studies did not meet primary endpoints and removal of FDA partial clinical hold on VB-111... Vanguard Natural Resources (VNR), down 7.1% after reporting preliminary fourth quarter results.
04:57 EDTVIPSVipshop volatility elevated at 66 into O4 and outlook
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February 16, 2015
16:09 EDTVIPSVipshop sees Q1 revenue $1.25B-$1.30B, consensus $1.22B
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16:08 EDTVIPSVipshop reports Q4 EPS 12c, consensus 9c
Reprots Q4 revenue $1.36B, consensus $1.23B. Results are unaudited. Gross margin increased to 24.9% from 24.5% last year. The number of active customers for Q4 increased by 114.2% to 12.2M from 5.7M in the prior year period. The number of total orders for Q4 increased by 99.6% to 35.3M from 17.7M in the prior year period. Vipshop said, "This increase was primarily due to increased brand recognition, as well as the Company's continued efforts in optimizing and diversifying brand and product selection available on both PC and mobile platforms."

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