Vipshop Holdings Limited (VIPS) Downgraded by BidaskClub to “Strong Sell”

BidaskClub downgraded shares of Vipshop Holdings Limited (NYSE:VIPS) from a sell rating to a strong sell rating in a report issued on Tuesday.

A number of other equities analysts also recently issued reports on VIPS. Macquarie lowered their price target on Vipshop Holdings Limited from $16.50 to $11.00 and set an outperform rating on the stock in a research report on Friday, August 18th. Daiwa Capital Markets downgraded Vipshop Holdings Limited from a buy rating to a hold rating and set a $10.00 price target on the stock. in a research report on Thursday, August 17th. HSBC Holdings plc downgraded Vipshop Holdings Limited from a hold rating to a reduce rating in a research report on Thursday, August 17th. Benchmark Co. increased their price target on Vipshop Holdings Limited from $11.00 to $14.00 and gave the stock a buy rating in a research report on Friday, August 18th. Finally, Zacks Investment Research upgraded Vipshop Holdings Limited from a hold rating to a buy rating and set a $10.00 price target on the stock in a research report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Vipshop Holdings Limited currently has a consensus rating of Hold and a consensus price target of $14.04.

Vipshop Holdings Limited (NYSE:VIPS) opened at 8.28 on Tuesday. Vipshop Holdings Limited has a 12-month low of $8.12 and a 12-month high of $15.49. The stock has a market capitalization of $4.87 billion, a PE ratio of 16.05 and a beta of 1.87. The company has a 50-day moving average price of $9.17 and a 200-day moving average price of $11.65.

Vipshop Holdings Limited (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, August 16th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The business had revenue of $17.52 billion for the quarter, compared to analysts’ expectations of $17.30 billion. Vipshop Holdings Limited had a return on equity of 40.08% and a net margin of 3.17%. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 EPS. Analysts expect that Vipshop Holdings Limited will post $0.73 earnings per share for the current fiscal year.

WARNING: “Vipshop Holdings Limited (VIPS) Downgraded by BidaskClub to “Strong Sell”” was originally posted by Week Herald and is owned by of Week Herald. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://weekherald.com/2017/10/11/vipshop-holdings-limited-vips-downgraded-by-bidaskclub-to-strong-sell.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DnB Asset Management AS lifted its position in shares of Vipshop Holdings Limited by 0.4% in the second quarter. DnB Asset Management AS now owns 28,110 shares of the technology company’s stock valued at $297,000 after acquiring an additional 100 shares in the last quarter. OLD National Bancorp IN lifted its position in shares of Vipshop Holdings Limited by 1.1% in the second quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock valued at $120,000 after acquiring an additional 128 shares in the last quarter. 1st Global Advisors Inc. lifted its position in shares of Vipshop Holdings Limited by 1.5% in the second quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock valued at $113,000 after acquiring an additional 160 shares in the last quarter. QS Investors LLC lifted its position in shares of Vipshop Holdings Limited by 1.6% in the second quarter. QS Investors LLC now owns 18,600 shares of the technology company’s stock valued at $196,000 after acquiring an additional 300 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of Vipshop Holdings Limited by 1.3% in the first quarter. Comerica Bank now owns 29,105 shares of the technology company’s stock valued at $405,000 after acquiring an additional 386 shares in the last quarter. Institutional investors and hedge funds own 56.42% of the company’s stock.

About Vipshop Holdings Limited

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

Analyst Recommendations for Vipshop Holdings Limited (NYSE:VIPS)

Receive News & Ratings for Vipshop Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop Holdings Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply