Vipshop (NYSE:VIPS) Cut to Hold at StockNews.com

StockNews.com lowered shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research note released on Tuesday morning.

Several other research firms also recently commented on VIPS. 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 report on Tuesday, August 20th. CLSA downgraded shares of Vipshop from an “outperform” rating to a “hold” rating and lowered their price objective for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Citigroup boosted their target price on shares of Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Barclays began coverage on shares of Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target on the stock. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Vipshop currently has a consensus rating of “Hold” and an average price target of $17.64.

Vipshop Stock Up 0.1 %

Vipshop stock opened at $13.96 on Tuesday. The company has a market capitalization of $7.57 billion, a PE ratio of 6.62, a PEG ratio of 1.56 and a beta of 0.34. Vipshop has a 12-month low of $11.50 and a 12-month high of $20.19. The firm’s fifty day moving average is $14.57 and its 200 day moving average is $14.49.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $0.48 by $3.43. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The firm had revenue of $25.08 billion for the quarter, compared to analyst estimates of $26.61 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. Sell-side analysts expect that Vipshop will post 1.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Vipshop

A number of institutional investors have recently added to or reduced their stakes in VIPS. Janney Montgomery Scott LLC boosted its stake in shares of Vipshop by 81.3% in the 1st 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 during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in 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 purchasing an additional 779 shares during the last quarter. Swiss National Bank grew its stake in Vipshop by 6.9% in the 1st quarter. Swiss National Bank now owns 807,862 shares of the technology company’s stock valued at $13,370,000 after purchasing an additional 52,488 shares during the period. Russell Investments Group Ltd. increased its position in shares of Vipshop by 9.5% during the 1st quarter. Russell Investments Group Ltd. now owns 1,672,843 shares of the technology company’s stock valued at $27,759,000 after purchasing an additional 144,556 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Vipshop by 238.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company’s stock valued at $1,996,000 after purchasing an additional 84,976 shares during the last quarter. 48.82% of the stock is owned by 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.