Vipshop Holdings Ltd – (NYSE:VIPS) has been given a consensus rating of “Hold” by the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $11.21.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Vipshop from a “sell” rating to a “buy” rating and set a $6.00 price target for the company in a report on Wednesday, October 17th. Citigroup reduced their price target on Vipshop to $5.40 and set a “sell” rating for the company in a report on Monday, October 15th. UBS Group reduced their price target on Vipshop from $8.00 to $5.50 and set a “neutral” rating for the company in a report on Friday, October 12th. JPMorgan Chase & Co. cut Vipshop from an “overweight” rating to a “neutral” rating and set a $6.00 price objective for the company. in a report on Tuesday, October 9th. Finally, ValuEngine cut Vipshop from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 4th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIPS. Schroder Investment Management Group raised its position in Vipshop by 27.2% during the second quarter. Schroder Investment Management Group now owns 24,751,215 shares of the technology company’s stock valued at $267,808,000 after purchasing an additional 5,294,013 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of Vipshop by 1,559.4% in the second quarter. OppenheimerFunds Inc. now owns 20,698,567 shares of the technology company’s stock worth $224,580,000 after purchasing an additional 19,451,180 shares during the last quarter. Global Thematic Partners LLC grew its stake in shares of Vipshop by 63.1% in the third quarter. Global Thematic Partners LLC now owns 6,382,543 shares of the technology company’s stock worth $39,825,000 after purchasing an additional 2,468,257 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Vipshop by 3,978.5% in the second quarter. Canada Pension Plan Investment Board now owns 5,017,010 shares of the technology company’s stock worth $54,435,000 after purchasing an additional 4,894,000 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Vipshop in the second quarter worth $45,847,000. Institutional investors own 49.76% of the company’s stock.
Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Monday, August 13th. The technology company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.73. Vipshop had a return on equity of 15.75% and a net margin of 2.78%. The business had revenue of $20.74 billion during the quarter, compared to analysts’ expectations of $21.23 billion. During the same quarter last year, the company posted $1.18 earnings per share. Vipshop’s quarterly revenue was up 18.4% on a year-over-year basis. On average, sell-side analysts anticipate that Vipshop will post 0.41 earnings per share for the current year.
Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.
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