Investment Analysts’ Recent Ratings Updates for Vipshop (VIPS)

A number of firms have modified their ratings and price targets on shares of Vipshop (NYSE: VIPS) recently:

  • 8/21/2019 – Vipshop was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $9.50 price target on the stock. According to Zacks, “Vipshop Holdings Ltd. is an online discount retailer for brands. The Company offers branded products to consumers in China through flash sales on its vipshop.com website. It offers a wide selection of various famous branded discount products including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products, through its website. Vipshop Holdings Ltd. is headquartered in Guangzhou. “
  • 8/19/2019 – Vipshop had its “hold” rating reaffirmed by analysts at Bank of America Corp. They now have a $9.72 price target on the stock.
  • 8/16/2019 – Vipshop was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 8/16/2019 – Vipshop was upgraded by analysts at New Street Research from a “neutral” rating to a “buy” rating. They now have a $9.50 price target on the stock, up previously from $6.00.
  • 8/16/2019 – Vipshop was upgraded by analysts at Daiwa Capital Markets from a “neutral” rating to a “buy” rating.
  • 8/15/2019 – Vipshop was upgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating.
  • 8/15/2019 – Vipshop was upgraded by analysts at CICC Research from a “neutral” rating to an “outperform” rating.
  • 8/15/2019 – Vipshop was upgraded by analysts at Jefferies Financial Group Inc from a “hold” rating to a “buy” rating.
  • 8/5/2019 – Vipshop is now covered by analysts at Jefferies Financial Group Inc. They set a “hold” rating and a $8.50 price target on the stock.
  • 7/17/2019 – Vipshop had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG.
  • 7/11/2019 – Vipshop was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.

Shares of VIPS stock traded down $0.44 on Thursday, reaching $8.02. 10,340,334 shares of the company’s stock were exchanged, compared to its average volume of 7,319,765. Vipshop Holdings Ltd – has a 52 week low of $4.30 and a 52 week high of $9.26. The stock has a market capitalization of $5.49 billion, a PE ratio of 18.65 and a beta of 1.93. The company’s fifty day simple moving average is $7.62 and its 200 day simple moving average is $7.76.

Vipshop (NYSE:VIPS) last issued its earnings results on Wednesday, August 14th. The technology company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $1.46. The business had revenue of $21.72 billion during the quarter, compared to analyst estimates of $21.60 billion. Vipshop had a return on equity of 14.63% and a net margin of 2.97%. Vipshop’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS. Equities analysts predict that Vipshop Holdings Ltd – will post 0.66 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in Vipshop by 1.0% during the 2nd quarter. BlackRock Inc. now owns 23,182,882 shares of the technology company’s stock worth $200,067,000 after buying an additional 219,305 shares during the last quarter. Morgan Stanley grew its stake in Vipshop by 26.0% during the 2nd quarter. Morgan Stanley now owns 18,731,443 shares of the technology company’s stock worth $161,651,000 after buying an additional 3,865,045 shares during the last quarter. Invesco Ltd. grew its stake in Vipshop by 30.1% during the 2nd quarter. Invesco Ltd. now owns 17,957,021 shares of the technology company’s stock worth $154,968,000 after buying an additional 4,155,879 shares during the last quarter. Vanguard Group Inc. grew its stake in Vipshop by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 15,485,663 shares of the technology company’s stock worth $133,642,000 after buying an additional 118,223 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Vipshop by 0.8% during the 2nd quarter. Wells Fargo & Company MN now owns 14,897,950 shares of the technology company’s stock worth $128,570,000 after buying an additional 116,984 shares during the last quarter. 44.60% of the stock is owned by institutional investors and hedge funds.

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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