Vipshop (NYSE:VIPS) Downgraded by StockNews.com to “Hold”

Vipshop (NYSE:VIPS) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Several other equities analysts have also commented on the company. Barclays assumed coverage on Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price for the company. Citigroup reduced their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Morgan Stanley cut their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Finally, CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and reduced their target price for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Vipshop has a consensus rating of “Hold” and an average target price of $17.50.

Vipshop Price Performance

NYSE VIPS opened at $13.48 on Wednesday. The company’s fifty day moving average price is $14.65 and its two-hundred day moving average price is $14.42. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 6.45, a price-to-earnings-growth ratio of 1.49 and a beta of 0.34. Vipshop has a 12 month low of $11.50 and a 12 month high of $20.19.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $3.43. Vipshop had a return on equity of 21.04% and a net margin of 7.50%. The firm had revenue of $25.08 billion for the quarter, compared to analysts’ expectations of $26.61 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Vipshop’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, analysts anticipate that Vipshop will post 1.97 EPS for the current year.

Hedge Funds Weigh In On Vipshop

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of Vipshop by 1,904.0% in the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after purchasing an additional 3,351 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Vipshop in the 3rd quarter valued at about $56,000. Employees Retirement System of Texas raised its position in shares of Vipshop by 143.2% in the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after acquiring an additional 2,717 shares during the period. National Bank of Canada FI acquired a new position in Vipshop during the second quarter valued at approximately $136,000. Finally, Atomi Financial Group Inc. increased its stake in Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock valued at $174,000 after purchasing an additional 702 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

About Vipshop

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.