Vipshop Holdings Limited (NYSE:VIPS) Receives $18.52 Consensus Price Target from Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPSGet Free Report) have earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.85.

VIPS has been the subject of a number of research analyst reports. Benchmark restated a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. Zacks Research downgraded shares of Vipshop from a “hold” rating to a “strong sell” rating in a research report on Friday, August 28th. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Barclays reduced their price objective on Vipshop from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, August 27th. Finally, Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a research note on Monday, August 24th.

Get Our Latest Stock Report on VIPS

Vipshop Price Performance

Shares of NYSE:VIPS opened at $12.06 on Wednesday. The company has a market capitalization of $5.78 billion, a PE ratio of 4.00, a price-to-earnings-growth ratio of 1.92 and a beta of 0.67. The business has a fifty day moving average price of $14.13 and a two-hundred day moving average price of $14.51. Vipshop has a 1 year low of $12.02 and a 1 year high of $21.08.

Vipshop (NYSE:VIPSGet Free Report) last released its earnings results on Wednesday, August 26th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.47). The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. Vipshop had a return on equity of 12.63% and a net margin of 9.88%. Sell-side analysts anticipate that Vipshop will post 1.66 earnings per share for the current year.

Hedge Funds Weigh In On Vipshop

A number of large investors have recently made changes to their positions in VIPS. Sequoia Financial Advisors LLC boosted its stake in Vipshop by 123.2% during the second quarter. Sequoia Financial Advisors LLC now owns 65,342 shares of the technology company’s stock valued at $866,000 after buying an additional 36,065 shares during the period. Tidal Investments LLC increased its stake in Vipshop by 12.8% in the 2nd quarter. Tidal Investments LLC now owns 45,920 shares of the technology company’s stock worth $609,000 after acquiring an additional 5,201 shares during the last quarter. WINTON GROUP Ltd bought a new position in Vipshop in the 2nd quarter worth about $411,000. Engineers Gate Manager LP raised its holdings in shares of Vipshop by 747.0% in the 2nd quarter. Engineers Gate Manager LP now owns 172,668 shares of the technology company’s stock valued at $2,290,000 after acquiring an additional 152,282 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Vipshop in the 2nd quarter valued at about $58,000. 48.82% of the stock is owned by institutional investors.

Vipshop Company Profile

(Get Free Report)

Vipshop Holdings Limited operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, primarily through limited-time and special-sale events.

Its merchandise categories include apparel, footwear, accessories, cosmetics, home and lifestyle products, consumer electronics, and other general merchandise. Vipshop sources products from brands, retailers, and distributors and provides online shopping, order fulfillment, and related customer services.

Founded in 2008, Vipshop has focused on serving consumers in mainland China with discounted branded goods.

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Analyst Recommendations for Vipshop (NYSE:VIPS)

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