Vipshop (NYSE:VIPS) Receives Hold Rating from Benchmark

Vipshop (NYSE:VIPS)‘s stock had its “hold” rating reaffirmed by Benchmark in a note issued to investors on Wednesday,Benzinga reports.

A number of other equities research analysts also recently issued reports on VIPS. Citigroup increased their target price on shares of Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Morgan Stanley reduced their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Barclays started coverage on Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, CLSA downgraded Vipshop from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vipshop presently has an average rating of “Hold” and a consensus target price of $17.50.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $13.48 on Wednesday. The firm has a 50 day simple moving average of $14.65 and a 200 day simple moving average of $14.42. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19. The company has a market cap of $7.31 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 1.49 and a beta of 0.34.

Vipshop (NYSE:VIPS) last released its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $3.43. The company had revenue of $25.08 billion during the quarter, compared to analyst estimates of $26.61 billion. Vipshop had a return on equity of 21.04% and a net margin of 7.50%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. On average, equities analysts predict that Vipshop will post 1.97 earnings per share for the current year.

Institutional Investors Weigh In On Vipshop

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Vipshop by 1.8% in the first quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock valued at $227,772,000 after buying an additional 248,743 shares during the last quarter. Shell Asset Management Co. raised its stake in Vipshop by 7.0% in the 1st quarter. Shell Asset Management Co. now owns 34,681 shares of the technology company’s stock worth $574,000 after purchasing an additional 2,256 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Vipshop by 6.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,598,671 shares of the technology company’s stock valued at $43,008,000 after buying an additional 167,565 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd acquired a new stake in shares of Vipshop during the 1st quarter worth $25,487,000. Finally, Caxton Associates LP raised its position in shares of Vipshop by 7.7% in the 1st quarter. Caxton Associates LP now owns 80,377 shares of the technology company’s stock valued at $1,330,000 after buying an additional 5,769 shares in the last quarter. Institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.