Vipshop (NYSE:VIPS) Downgraded to Hold at CLSA

CLSA lowered shares of Vipshop (NYSE:VIPS) from an outperform rating to a hold rating in a report issued on Wednesday, MarketBeat reports. CLSA currently has $12.00 price target on the technology company’s stock, down from their prior price target of $15.80.

A number of other research analysts also recently commented on VIPS. Citigroup dropped their price objective on shares of Vipshop from $25.00 to $20.00 and set a buy rating for the company in a research note on Thursday, May 23rd. Benchmark downgraded shares of Vipshop from a buy rating to a hold rating in a research note on Thursday, May 23rd. Morgan Stanley lowered their price objective on shares of Vipshop from $16.00 to $14.00 and set an equal weight rating for the company in a research note on Tuesday, August 20th. Finally, StockNews.com lowered Vipshop from a strong-buy rating to a buy rating in a research report on Monday, May 13th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $17.75.

Vipshop Price Performance

NYSE:VIPS opened at $12.68 on Wednesday. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19. The firm has a 50 day simple moving average of $13.64 and a 200-day simple moving average of $15.58. The firm has a market cap of $6.88 billion, a PE ratio of 5.90 and a beta of 0.32.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $3.43. The company had revenue of $25.08 billion for the quarter, compared to analyst estimates of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 EPS. As a group, sell-side analysts expect that Vipshop will post 2.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vipshop

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC increased its holdings in Vipshop by 56.4% in the 4th 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 in the last quarter. Richardson Financial Services Inc. purchased a new stake in shares of Vipshop in the fourth quarter worth 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 buying an additional 3,351 shares in the last quarter. Employees Retirement System of Texas raised its holdings in shares of Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after buying an additional 2,717 shares during the period. Finally, National Bank of Canada FI acquired a new position in Vipshop during the 2nd quarter worth approximately $136,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

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.