Vipshop’s (VIPS) Hold Rating Reiterated at Benchmark

Benchmark reiterated their hold rating on shares of Vipshop (NYSE:VIPS) in a report released on Wednesday,Benzinga reports.

Other equities research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Morgan Stanley lowered their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Citigroup upped their price target on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Barclays began coverage on shares of Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. Finally, CLSA downgraded shares of Vipshop from an “outperform” rating to a “hold” rating and cut their price objective for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. Six 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 stock has a consensus rating of “Hold” and a consensus target price of $17.50.

Vipshop Stock Performance

Vipshop stock opened at $13.24 on Wednesday. The company has a market capitalization of $7.18 billion, a P/E ratio of 6.33, a PEG ratio of 1.49 and a beta of 0.34. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The stock has a 50-day simple moving average of $14.65 and a 200-day simple moving average of $14.42.

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

Institutional Trading of Vipshop

A number of institutional investors have recently added to or reduced their stakes in VIPS. Atomi Financial Group Inc. boosted its position in 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 in the last quarter. Signaturefd LLC boosted its position in shares of Vipshop by 5.1% in the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after buying an additional 817 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Vipshop by 2.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock worth $770,000 after buying an additional 954 shares in the last quarter. Harvest Fund Management Co. Ltd grew its stake in Vipshop by 0.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock valued at $4,691,000 after acquiring an additional 2,055 shares during the last quarter. Finally, National Pension Service raised its position in Vipshop by 2.0% during the third quarter. National Pension Service now owns 107,152 shares of the technology company’s stock worth $1,686,000 after acquiring an additional 2,074 shares during the last quarter. Hedge funds and other 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.