Vipshop (VIPS) Lower as Alibaba (BABA) Sees Warmer Weather Crimping Some Sales
Get Alerts VIPS Hot Sheet
Rating Summary:
21 Buy, 7 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Vipshop Holdings (NYSE: VIPS) shares are down 4 percent following a 5 percent loss on Wednesday session and Nomura thinks that some of it might have to do with commentary from Alibaba (NYSE: BABA).
Specifically, Alibaba said during its Q4 call that warmer weather might have adverse impact on apparel GMV with sales of higher-priced winter gear slowing.
Vipshop management said it should be fine, according to Nomura. The company derives about 50 to 60 percent of its top-line from apparel.
Nomura noted that it still sees Vipshop as a potential target for Tencent and JD.com (Nasdaq: JD). The firm rates Vipshop at Buy with a price target of $19.
For an analyst ratings summary and ratings history on Vipshop Holdings click here. For more ratings news on Vipshop Holdings click here.
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