Secoo Holding Ltd – (NASDAQ:SECO) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price objective of $16.50 for the company and are predicting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also given Secoo an industry rank of 168 out of 256 based on the ratings given to its competitors.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FIL Ltd lifted its stake in Secoo by 136.6% during the first quarter. FIL Ltd now owns 3,335,722 shares of the company’s stock worth $29,221,000 after purchasing an additional 1,925,693 shares during the last quarter. Pelham Capital Ltd. bought a new position in Secoo during the first quarter worth $6,311,000. Krane Funds Advisors LLC lifted its stake in Secoo by 0.7% during the first quarter. Krane Funds Advisors LLC now owns 425,249 shares of the company’s stock worth $3,725,000 after purchasing an additional 2,804 shares during the last quarter. FMR LLC bought a new position in Secoo during the first quarter worth $2,905,000. Finally, Goldman Sachs Group Inc. lifted its stake in Secoo by 91.1% during the first quarter. Goldman Sachs Group Inc. now owns 294,937 shares of the company’s stock worth $2,584,000 after purchasing an additional 140,639 shares during the last quarter. Hedge funds and other institutional investors own 38.26% of the company’s stock.
Shares of Secoo stock traded up $0.13 on Tuesday, hitting $8.01. 137,117 shares of the company’s stock traded hands, compared to its average volume of 84,701. The stock has a market cap of $165.95 million, a P/E ratio of 19.07 and a beta of 2.97. The company has a current ratio of 3.25, a quick ratio of 1.71 and a debt-to-equity ratio of 0.77. Secoo has a 52-week low of $7.03 and a 52-week high of $15.48.
Secoo (NASDAQ:SECO) last released its earnings results on Thursday, April 4th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.08). Secoo had a net margin of 2.82% and a return on equity of 10.81%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the company posted $0.25 earnings per share. The business’s quarterly revenue was up 27.0% compared to the same quarter last year. As a group, equities analysts predict that Secoo will post 0.8 earnings per share for the current fiscal year.
Secoo Holding Limited, through its subsidiaries, operates an integrated online and offline shopping platform in Mainland China, Hong Kong, and other countries. The company provides upscale brand products and services, including bags, watches, women's and men's wear, footwear, children's wear, sportswear, cosmetics and skin care products, jewelry, accessories, home goods, fine food and beverage products, arts, and Chinese original products, as well as lifestyle services through its Website, mobile applications, and offline experience centers.
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