Vipshop (NYSE:VIPS) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Vipshop (NYSE:VIPS) from a hold rating to a buy rating in a research report sent to investors on Thursday.

VIPS has been the subject of a number of other research reports. CLSA downgraded shares of Vipshop from an outperform rating to a hold rating and lowered their target price for the stock from $15.80 to $12.00 in a research note on Wednesday, August 21st. Citigroup lowered their price objective on Vipshop from $25.00 to $20.00 and set a buy rating for the company in a research report on Thursday, May 23rd. UBS Group lowered Vipshop from a buy rating to a neutral rating and cut their target price for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. Benchmark downgraded Vipshop from a buy rating to a hold rating in a report on Thursday, May 23rd. Finally, Morgan Stanley cut their price objective on shares of Vipshop from $16.00 to $14.00 and set an equal weight rating on the stock in a report on Tuesday, August 20th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $17.75.

Vipshop Price Performance

VIPS stock opened at $12.81 on Thursday. Vipshop has a 1 year low of $11.50 and a 1 year high of $20.19. The firm has a market capitalization of $6.95 billion, a P/E ratio of 5.96 and a beta of 0.33. The business’s 50-day moving average is $13.24 and its two-hundred day moving average is $15.17.

Vipshop (NYSE:VIPS) last issued its earnings results 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 analysts’ expectations of $26.61 billion. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. On average, analysts expect that Vipshop will post 2 EPS for the current year.

Institutional Investors Weigh In On Vipshop

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new position in shares of Vipshop during the fourth quarter worth approximately $39,000. Blue Trust Inc. boosted its stake in Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after purchasing an additional 3,351 shares during the period. Employees Retirement System of Texas grew its position in Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock worth $60,000 after purchasing an additional 2,717 shares during the last quarter. National Bank of Canada FI acquired a new position in Vipshop in the second quarter valued at $136,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Vipshop in the first quarter valued at about $189,000. Hedge funds and other institutional investors 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.