Vipshop Holdings Limited (NYSE:VIPS) Given Average Rating of “Hold” by Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $17.42.

A number of brokerages have weighed in on VIPS. Morgan Stanley decreased their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and decreased their price objective for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Citigroup upped their price target on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, UBS Group cut Vipshop from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $12.50 in a report on Wednesday, August 21st.

Vipshop Stock Down 1.7 %

Shares of VIPS opened at $14.19 on Friday. The business has a 50-day simple moving average of $14.24 and a two-hundred day simple moving average of $14.57. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 1.62 and a beta of 0.34. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19.

Vipshop (NYSE:VIPS) last released its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $3.43. The firm had revenue of $25.08 billion during the quarter, compared to analysts’ expectations of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The firm’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. On average, equities analysts anticipate that Vipshop will post 1.97 earnings per share for the current fiscal year.

Institutional Trading of Vipshop

A number of hedge funds and other institutional investors have recently bought and sold shares of VIPS. Blue Trust Inc. raised its stake in Vipshop by 1,904.0% in the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after buying an additional 3,351 shares in the last quarter. Employees Retirement System of Texas raised its stake in Vipshop by 143.2% in the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after buying an additional 2,717 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Vipshop during the second quarter worth about $136,000. Atomi Financial Group Inc. grew its holdings in shares of Vipshop by 6.8% during the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after purchasing an additional 702 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Vipshop by 19.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,698 shares of the technology company’s stock worth $204,000 after purchasing an additional 2,528 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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.