CLSA Lowers Vipshop (NYSE:VIPS) to Hold

CLSA cut shares of Vipshop (NYSE:VIPS) from an outperform rating to a hold rating in a report released on Wednesday morning, MarketBeat.com reports. They currently have $12.00 target price on the technology company’s stock, down from their previous target price of $15.80.

A number of other research analysts also recently issued reports on the stock. Benchmark downgraded shares of Vipshop from a buy rating to a hold rating in a research note on Thursday, May 23rd. StockNews.com cut shares of Vipshop from a strong-buy rating to a buy rating in a research report on Monday, May 13th. Morgan Stanley dropped their target price on Vipshop from $16.00 to $14.00 and set an equal weight rating on the stock in a report on Tuesday. Finally, Citigroup decreased their price target on Vipshop from $25.00 to $20.00 and set a buy rating for the company in a report on Thursday, May 23rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $17.75.

Vipshop Stock Up 1.5 %

Shares of VIPS stock opened at $12.70 on Wednesday. The firm has a 50 day moving average of $13.64 and a two-hundred day moving average of $15.59. The stock has a market capitalization of $6.88 billion, a PE ratio of 5.90 and a beta of 0.32. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19.

Vipshop (NYSE:VIPS) last released its earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, topping the consensus estimate of $0.48 by $3.43. The firm had revenue of $25.08 billion during the quarter, compared to analysts’ expectations of $26.61 billion. Vipshop had a return on equity of 23.74% and a net margin of 7.60%. Vipshop’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. Analysts expect that Vipshop will post 2.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Vipshop

Several large investors have recently bought and sold shares of VIPS. Lindbrook Capital LLC increased its position in shares of Vipshop by 56.4% during the fourth quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock worth $35,000 after purchasing an additional 708 shares in the last quarter. Richardson Financial Services Inc. purchased a new position in Vipshop during the 4th quarter worth approximately $39,000. Blue Trust Inc. increased its position in Vipshop by 1,904.0% during the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after buying an additional 3,351 shares during the period. Employees Retirement System of Texas lifted its stake in Vipshop by 143.2% in the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after buying an additional 2,717 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Vipshop in the second quarter valued at approximately $136,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

About Vipshop

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.