Vipshop (NYSE:VIPS) Stock Rating Upgraded by StockNews.com

Vipshop (NYSE:VIPS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

A number of other research analysts also recently commented on VIPS. Morgan Stanley reduced their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Benchmark downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and cut their price target for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Finally, Citigroup dropped their target price on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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 company has a 50 day moving average of $13.24 and a two-hundred day moving average of $15.14. Vipshop has a 52-week low of $11.50 and a 52-week high of $20.19. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 5.95 and a beta of 0.33.

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

Institutional Trading of Vipshop

Several institutional investors have recently added to or reduced their stakes in the business. Richardson Financial Services Inc. acquired a new position in Vipshop during the 4th quarter valued at approximately $39,000. Blue Trust Inc. grew its position in shares of Vipshop by 1,904.0% during the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after acquiring an additional 3,351 shares during the last quarter. Employees Retirement System of Texas increased its holdings 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 worth $60,000 after acquiring an additional 2,717 shares during the period. National Bank of Canada FI bought a new stake in Vipshop in the 2nd quarter valued at about $136,000. Finally, Ballentine Partners LLC acquired a new position in Vipshop during the 1st quarter valued at about $189,000. Institutional investors 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.