Vipshop (NYSE:VIPS) Coverage Initiated by Analysts at Barclays

Barclays initiated coverage on shares of Vipshop (NYSE:VIPS) in a research note issued to investors on Wednesday morning, Marketbeat reports. The firm issued an overweight rating and a $19.00 target price on the technology company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Morgan Stanley decreased their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Citigroup raised 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. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Finally, CLSA lowered 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 research note on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Vipshop currently has a consensus rating of “Hold” and a consensus target price of $17.64.

Vipshop Stock Down 5.5 %

NYSE VIPS opened at $13.97 on Wednesday. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 6.62, a PEG ratio of 1.65 and a beta of 0.34. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19. The company has a fifty day moving average of $14.45 and a two-hundred day moving average of $14.53.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Vipshop by 0.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 835,050 shares of the technology company’s stock worth $13,820,000 after purchasing an additional 4,969 shares in the last quarter. Norden Group LLC acquired a new stake in Vipshop during the 1st quarter worth $361,000. Janney Montgomery Scott LLC grew its holdings in shares of Vipshop by 81.3% during the first quarter. Janney Montgomery Scott LLC now owns 51,726 shares of the technology company’s stock worth $856,000 after buying an additional 23,195 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Vipshop by 177.4% in the first quarter. GSA Capital Partners LLP now owns 43,037 shares of the technology company’s stock valued at $712,000 after buying an additional 27,521 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Vipshop by 5.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,976 shares of the technology company’s stock worth $264,000 after buying an additional 779 shares in the last quarter. Institutional investors and hedge funds 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.