Vipshop (NYSE:VIPS) Raised to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Vipshop (NYSE:VIPS) from a hold rating to a buy rating in a report published on Thursday morning, Briefing.com Automated Import reports.

Other equities research analysts also recently issued research reports about the stock. Daiwa Capital Markets upgraded shares of Vipshop from an underperform rating to a neutral rating in a research note on Friday, May 24th. CICC Research upgraded shares of Vipshop from a neutral rating to an outperform rating in a research note on Thursday. JPMorgan Chase & Co. upgraded shares of Vipshop from a neutral rating to an overweight rating and raised their price objective for the stock from $6.50 to $11.00 in a research note on Tuesday, April 30th. Zacks Investment Research upgraded shares of Vipshop from a hold rating to a buy rating and set a $8.75 price objective on the stock in a research note on Saturday, April 27th. Finally, UBS Group downgraded shares of Vipshop from a neutral rating to a sell rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $8.25.

Shares of VIPS stock opened at $7.91 on Thursday. Vipshop has a 12 month low of $4.30 and a 12 month high of $9.26. The business’s 50 day moving average is $7.66 and its two-hundred day moving average is $7.74. The company has a market cap of $4.74 billion, a PE ratio of 18.40 and a beta of 1.93.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, August 14th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $1.46. The business had revenue of $21.72 billion for the quarter, compared to the consensus estimate of $21.60 billion. Vipshop had a net margin of 2.97% and a return on equity of 15.02%. Vipshop’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.84 earnings per share. On average, sell-side analysts expect that Vipshop will post 0.57 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of VIPS. Geode Capital Management LLC grew its stake in Vipshop by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 843,714 shares of the technology company’s stock valued at $4,575,000 after acquiring an additional 26,192 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Vipshop by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,937,700 shares of the technology company’s stock valued at $26,984,000 after acquiring an additional 18,633 shares in the last quarter. Norges Bank purchased a new stake in Vipshop during the 4th quarter valued at about $28,848,000. Mizuho Securities USA LLC purchased a new stake in Vipshop during the 1st quarter valued at about $129,000. Finally, Exane Derivatives grew its stake in Vipshop by 21.7% during the 1st quarter. Exane Derivatives now owns 311,881 shares of the technology company’s stock valued at $2,504,000 after acquiring an additional 55,591 shares in the last quarter. 45.80% of the stock is owned by hedge funds and other institutional investors.

Vipshop Company Profile

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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