StockNews.com Upgrades Vipshop (NYSE:VIPS) to “Buy”

Vipshop (NYSE:VIPS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

VIPS has been the subject of several other research reports. Barclays started coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective for the company. Citigroup reduced their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Vipshop has a consensus rating of “Hold” and a consensus price target of $17.50.

Vipshop Stock Performance

Shares of VIPS stock opened at $14.66 on Friday. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 7.02, a P/E/G ratio of 1.52 and a beta of 0.30. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19. The firm’s 50-day simple moving average is $13.98 and its two-hundred day simple moving average is $13.98.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. Analysts forecast that Vipshop will post 1.95 earnings per share for the current year.

Institutional Trading of Vipshop

Several institutional investors and hedge funds have recently bought and sold shares of VIPS. Signaturefd LLC grew its holdings in shares of Vipshop by 5.1% during the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after purchasing an additional 817 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings 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 during the last quarter. Atomi Financial Group Inc. raised its position in shares of Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after buying an additional 1,191 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Vipshop by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company’s stock valued at $349,000 after buying an additional 1,400 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after acquiring an additional 1,487 shares during the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

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.