Analysts Set Vipshop Holdings Limited (NYSE:VIPS) PT at $18.52

Shares of Vipshop Holdings Limited (NYSE:VIPS) have received an average rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $17.85.

Several equities analysts have recently commented on the company. Zacks Research lowered Vipshop from a “hold” rating to a “strong sell” rating in a research note on Friday, August 28th. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. JPMorgan Chase & Co. dropped their target price on shares of Vipshop from $21.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley set a $16.00 target price on shares of Vipshop in a research report on Wednesday, August 26th. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a report on Friday, May 22nd.

Vipshop Price Performance

Shares of VIPS stock opened at $12.47 on Wednesday. The company has a market capitalization of $5.97 billion, a P/E ratio of 4.13, a P/E/G ratio of 1.93 and a beta of 0.67. The company’s 50-day simple moving average is $14.18 and its two-hundred day simple moving average is $14.60. Vipshop has a one year low of $12.45 and a one year high of $21.08.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Tuesday, August 25th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.47). The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. Vipshop had a net margin of 9.88% and a return on equity of 12.63%. On average, research analysts expect that Vipshop will post 1.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Arax Advisory Partners lifted its position in shares of Vipshop by 96.8% during the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after buying an additional 692 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Vipshop by 8,472.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock worth $38,000 after acquiring an additional 2,118 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Vipshop by 100.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock worth $58,000 after acquiring an additional 1,864 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Vipshop during the second quarter valued at approximately $58,000. Finally, Global Retirement Partners LLC lifted its position in Vipshop by 104.3% during the fourth quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock valued at $106,000 after acquiring an additional 3,050 shares during the last quarter. 48.82% of the stock is owned by institutional investors.

About Vipshop

Vipshop Holdings Limited operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, primarily through limited-time and special-sale events.

Its merchandise categories include apparel, footwear, accessories, cosmetics, home and lifestyle products, consumer electronics, and other general merchandise. Vipshop sources products from brands, retailers, and distributors and provides online shopping, order fulfillment, and related customer services.

Founded in 2008, Vipshop has focused on serving consumers in mainland China with discounted branded goods.