Vipshop (NYSE:VIPS) Now Covered by Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Vipshop (NYSE:VIPS) in a report published on Monday morning, BenzingaRatingsTable reports. The brokerage issued a hold rating and a $8.50 price objective on the technology company’s stock.

A number of other research firms have also recently commented on VIPS. JPMorgan Chase & Co. raised shares of Vipshop from a neutral rating to an overweight rating and boosted their price target for the stock from $6.50 to $11.00 in a research note on Tuesday, April 30th. Credit Suisse Group reissued a neutral rating on shares of Vipshop in a research note on Wednesday, July 17th. Zacks Investment Research raised shares of Vipshop from a hold rating to a buy rating and set a $8.75 price target for the company in a research note on Saturday, April 27th. ValuEngine cut shares of Vipshop from a sell rating to a strong sell rating in a research note on Thursday, July 11th. Finally, UBS Group cut shares of Vipshop from a neutral rating to a sell rating in a research note on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $8.18.

VIPS stock opened at $6.60 on Monday. Vipshop has a one year low of $4.30 and a one year high of $9.38. The stock has a market cap of $4.74 billion, a PE ratio of 15.35 and a beta of 1.93. The business has a 50 day moving average of $7.97.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Wednesday, May 22nd. The technology company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Vipshop had a net margin of 2.89% and a return on equity of 12.56%. The business had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $20.55 billion. During the same quarter in the previous year, the company earned $1.05 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, analysts anticipate that Vipshop will post 0.58 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new stake in Vipshop during the 2nd quarter valued at about $123,000. Teacher Retirement System of Texas boosted its holdings in shares of Vipshop by 72.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,025,571 shares of the technology company’s stock valued at $17,481,000 after acquiring an additional 852,920 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Vipshop during the 2nd quarter valued at about $1,432,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Vipshop by 53.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 44,842 shares of the technology company’s stock valued at $1,546,000 after acquiring an additional 15,676 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Vipshop during the 2nd quarter valued at about $312,000. 45.61% of the stock is owned by institutional investors.

About Vipshop

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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Analyst Recommendations for Vipshop (NYSE:VIPS)

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