Vipshop Holdings Limited (NYSE:VIPS) Given Average Recommendation of “Hold” by Brokerages

Vipshop Holdings Limited (NYSE:VIPS) has received an average recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $17.75.

A number of equities research analysts have recently issued reports on the company. Citigroup lowered their target price on Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. CLSA lowered shares of Vipshop from an “outperform” rating to a “hold” rating and dropped their price objective for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Benchmark downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, Morgan Stanley decreased their price objective on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th.

Institutional Investors Weigh In On Vipshop

A number of institutional investors have recently modified their holdings of VIPS. Richardson Financial Services Inc. acquired a new position in Vipshop in the fourth quarter worth $39,000. Blue Trust Inc. lifted its position in shares of Vipshop by 1,904.0% in the 2nd 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 last quarter. Employees Retirement System of Texas boosted its holdings in shares of Vipshop by 143.2% in the 2nd 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 period. National Bank of Canada FI bought a new stake in shares of Vipshop during the 2nd quarter valued at about $136,000. Finally, Claro Advisors LLC acquired a new stake in Vipshop during the first quarter worth about $189,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Down 0.7 %

VIPS opened at $12.85 on Friday. Vipshop has a 52-week low of $11.50 and a 52-week high of $20.19. The company has a 50 day moving average of $13.22 and a two-hundred day moving average of $15.01. The company has a market cap of $6.97 billion, a P/E ratio of 5.97 and a beta of 0.33.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $3.43. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The firm had revenue of $25.08 billion during the quarter, compared to analysts’ expectations of $26.61 billion. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was down 4.1% on a year-over-year basis. Research analysts anticipate that Vipshop will post 2 earnings per share for the current year.

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.