Vipshop Holdings Limited (NYSE:VIPS) Given Average Recommendation of “Hold” by Analysts

Vipshop Holdings Limited (NYSE:VIPS) has been given an average rating of “Hold” by the four research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $20.50.

A number of research analysts recently issued reports on VIPS shares. StockNews.com cut shares of Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Morgan Stanley decreased their price objective on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday. Citigroup decreased their price objective on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, Benchmark cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd.

Hedge Funds Weigh In On Vipshop

Several large investors have recently modified their holdings of VIPS. Lindbrook Capital LLC raised its position in shares of Vipshop by 56.4% in the fourth quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock valued at $35,000 after purchasing an additional 708 shares during the period. Richardson Financial Services Inc. acquired a new position in shares of Vipshop in the fourth quarter valued at about $39,000. Blue Trust Inc. grew its stake in shares of Vipshop by 1,904.0% in the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after acquiring an additional 3,351 shares in the last quarter. Employees Retirement System of Texas grew its stake in shares of Vipshop by 143.2% in the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after acquiring an additional 2,717 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in shares of Vipshop in the second quarter valued at about $136,000. 48.82% of the stock is owned by institutional investors.

Vipshop Stock Performance

Shares of VIPS stock traded down $2.37 during mid-day trading on Tuesday, reaching $11.65. The company’s stock had a trading volume of 14,491,056 shares, compared to its average volume of 3,903,079. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19. The company has a market cap of $6.32 billion, a P/E ratio of 5.37 and a beta of 0.32. The firm’s 50-day moving average is $13.95 and its two-hundred day moving average is $15.70.

Vipshop (NYSE:VIPS) last announced its earnings results on Wednesday, May 22nd. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. Sell-side analysts anticipate that Vipshop will post 2.16 EPS for the current year.

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.