Vipshop (NYSE:VIPS) Raised to “Hold” at Zacks Research

Vipshop (NYSE:VIPS) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

VIPS has been the topic of several other research reports. Morgan Stanley set a $16.00 price objective on Vipshop in a report on Wednesday, August 26th. Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a research note on Monday, August 24th. Citigroup dropped their target price on Vipshop from $15.30 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, September 29th. Nomura downgraded Vipshop from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Thursday, August 27th. Finally, JPMorgan Chase & Co. decreased their price target on Vipshop from $21.00 to $17.00 and set an “overweight” rating on the stock in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.16.

Vipshop Stock Performance

Shares of VIPS opened at $12.89 on Thursday. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 4.27, a PEG ratio of 2.00 and a beta of 0.57. The company’s 50 day simple moving average is $12.83 and its 200 day simple moving average is $14.66. Vipshop has a 1 year low of $12.02 and a 1 year high of $20.49.

Vipshop (NYSE:VIPS) last released its earnings results on Wednesday, August 26th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.47). The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Vipshop had a return on equity of 12.63% and a net margin of 9.88%. Equities analysts expect that Vipshop will post 1.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Vipshop

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Vipshop in the 2nd quarter worth $7,947,000. Carmignac Gestion boosted its holdings in Vipshop by 9.8% in the second quarter. Carmignac Gestion now owns 4,920,324 shares of the technology company’s stock valued at $65,166,000 after acquiring an additional 439,795 shares during the last quarter. KBC Group NV boosted its holdings in Vipshop by 281.0% in the first quarter. KBC Group NV now owns 535,669 shares of the technology company’s stock valued at $8,421,000 after acquiring an additional 395,088 shares during the last quarter. SEB Asset Management AB purchased a new stake in Vipshop during the first quarter valued at about $2,862,000. Finally, Nykredit A S purchased a new stake in Vipshop during the second quarter valued at about $2,349,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE: VIPS) operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, with a focus on limited-time and seasonal sales.

Its product categories include apparel, footwear, accessories, beauty and personal-care products, home goods, consumer electronics, and other lifestyle merchandise. Vipshop sources products from brand owners, retailers, and other suppliers, and supports transactions through online retail, warehousing, fulfillment, and customer-service operations.

Founded in 2008 and headquartered in Guangzhou, China, Vipshop primarily serves consumers in mainland China.