Vipshop (NYSE:VIPS – Get Free Report) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday, Zacks reports.
VIPS has been the subject of several other research reports. Citigroup reduced their price target on shares of Vipshop from $15.30 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, September 29th. Nomura lowered shares of Vipshop from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research report on Thursday, August 27th. JPMorgan Chase & Co. dropped their target price on shares of Vipshop from $21.00 to $17.00 and set an “overweight” rating on the stock in a research note on Thursday, September 10th. Barclays dropped their target price on shares of Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Finally, Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Vipshop presently has an average rating of “Hold” and a consensus price target of $17.16.
Read Our Latest Stock Analysis on VIPS
Vipshop Stock Performance
Shares of VIPS opened at $12.89 on Thursday. The stock has a 50 day moving average price of $12.83 and a two-hundred day moving average price of $14.66. The firm has a market capitalization of $6.17 billion, a P/E ratio of 4.27, a P/E/G ratio of 2.00 and a beta of 0.57. Vipshop has a 52 week low of $12.02 and a 52 week high of $20.49.
Vipshop (NYSE:VIPS – Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.47). Vipshop had a net margin of 9.88% and a return on equity of 12.63%. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. On average, equities analysts forecast that Vipshop will post 1.63 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in VIPS. Public Employees Retirement System of Ohio bought a new position in shares of Vipshop during the 2nd quarter worth $7,947,000. Carmignac Gestion increased its holdings in Vipshop by 9.8% in the 2nd quarter. Carmignac Gestion now owns 4,920,324 shares of the technology company’s stock worth $65,166,000 after acquiring an additional 439,795 shares during the last quarter. KBC Group NV raised its stake in Vipshop by 281.0% in the 1st quarter. KBC Group NV now owns 535,669 shares of the technology company’s stock valued at $8,421,000 after acquiring an additional 395,088 shares during the period. SEB Asset Management AB bought a new stake in Vipshop in the 1st quarter valued at about $2,862,000. Finally, Nykredit A S bought a new stake in Vipshop in the 2nd quarter valued at about $2,349,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.
Vipshop Company Profile
Vipshop Holdings Limited (NYSE: VIPS) operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, with a focus on limited-time and seasonal sales.
Its product categories include apparel, footwear, accessories, beauty and personal-care products, home goods, consumer electronics, and other lifestyle merchandise. Vipshop sources products from brand owners, retailers, and other suppliers, and supports transactions through online retail, warehousing, fulfillment, and customer-service operations.
Founded in 2008 and headquartered in Guangzhou, China, Vipshop primarily serves consumers in mainland China.
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