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This stock was first featured in July 2013 at $39 per share.
Vipshop Holdings Limited (VIPS) operates as an online discount retailer for various brands in the People's Republic of China.
It offers a range of branded discount products, including apparel for women, men, and children; fashion goods; cosmetics; home goods and other lifestyle products; footwear; sportswear and sporting goods; luxury goods; and gifts and miscellaneous products.
The company provides its branded products through its Website vipshop.com, as well as its cellular phone application.
Vipshop has recently spent nearly $200 million on two acquisitions. On February 14, Vipshop acquired 75% equity interest in Lefeng.com from Ovation Entertainment for $132.5 million. Lefeng owns and operates an online retail website specialized in selling cosmetics and fashion products in China.
This strategic investment provides Vipshop access to a consistent supply of Ovation branded cosmetic products, which are in high demand among Vipshop's growing user base. Vipshop's CEO said in the statement that about 75% of the company's customers are female. Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.
We are now hearing rumors that when the firm reports on Monday March 3rd, it will have a very strong report.
52-Week Trading Range: $23.26 - $122.60
Entry Point: $118.00
Stop Loss: $112.10
Target Price: $129.80
VIPS, today's Rumor Mill pick has reached our target price. We are holding into earnings but have raised our stop loss to $128! VIPS last traded at $130.58.
VIPS reports Q4 adjusted EPS 49c, consensus 41c - Reports Q4 revenue $651M, consensus $559.43M. Sees Q1 revenue $640M-$650M, consensus $554.46M. VIPS closed at $127.76. We are closing the position at $143.00 in extended trading.
