Vipshop (NYSE:VIPS) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Vipshop (NYSE:VIPS) from a hold rating to a buy rating in a report issued on Thursday morning.

Other equities analysts have also issued reports about the stock. Benchmark lowered shares of Vipshop from a buy rating to a hold rating in a report on Thursday, May 23rd. Citigroup dropped their price objective on Vipshop from $25.00 to $20.00 and set a buy rating on the stock in a research report on Thursday, May 23rd. UBS Group downgraded shares of Vipshop from a buy rating to a neutral rating and reduced their target price for the stock from $20.00 to $12.50 in a report on Wednesday, August 21st. CLSA cut shares of Vipshop from an outperform rating to a hold rating and lowered their price target for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Finally, Morgan Stanley cut their price objective on shares of Vipshop from $16.00 to $14.00 and set an equal weight rating on the stock in a research report on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $17.75.

Vipshop Stock Down 0.1 %

Shares of NYSE:VIPS opened at $12.80 on Thursday. The business’s 50 day moving average is $13.24 and its 200 day moving average is $15.13. The stock has a market cap of $6.94 billion, a P/E ratio of 5.95 and a beta of 0.33. Vipshop has a 52-week low of $11.50 and a 52-week high of $20.19.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $0.48 by $3.43. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The firm had revenue of $25.08 billion during the quarter, compared to the consensus estimate of $26.61 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts anticipate that Vipshop will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Vipshop

Several hedge funds have recently modified their holdings of VIPS. FIL Ltd grew its position in Vipshop by 31.2% during the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after purchasing an additional 2,593,670 shares during the last quarter. KBC Group NV grew its holdings in shares of Vipshop by 55.8% during the fourth quarter. KBC Group NV now owns 625,584 shares of the technology company’s stock valued at $11,110,000 after buying an additional 224,098 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Vipshop by 28.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock valued at $184,600,000 after acquiring an additional 2,273,198 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Vipshop by 238.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company’s stock worth $1,996,000 after acquiring an additional 84,976 shares during the last quarter. Finally, Franchise Capital Ltd acquired a new stake in Vipshop during the 4th quarter worth about $4,669,000. Institutional investors and hedge funds 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.