Vipshop’s (VIPS) “Hold” Rating Reiterated at Benchmark

Benchmark reiterated their hold rating on shares of Vipshop (NYSE:VIPS) in a research note issued to investors on Wednesday morning,Benzinga reports.

Other analysts have also recently issued reports about the company. StockNews.com cut Vipshop from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Morgan Stanley lowered their target price on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Citigroup upped their price objective on Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Barclays assumed coverage on Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. Finally, CLSA downgraded shares of Vipshop from an “outperform” rating to a “hold” rating and cut their target price for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Vipshop Stock Up 2.2 %

NYSE VIPS opened at $13.55 on Wednesday. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19. The firm’s 50-day simple moving average is $14.64 and its two-hundred day simple moving average is $14.42. The company has a market cap of $7.35 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 1.49 and a beta of 0.34.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, beating the consensus estimate of $0.48 by $3.43. Vipshop had a return on equity of 21.04% and a net margin of 7.50%. The firm had revenue of $25.08 billion for the quarter, compared to analyst estimates of $26.61 billion. During the same period in the prior year, the company earned $0.51 EPS. The company’s revenue was down 4.1% on a year-over-year basis. As a group, equities research analysts anticipate that Vipshop will post 1.97 EPS for the current year.

Hedge Funds Weigh In On Vipshop

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after purchasing an additional 3,351 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Vipshop in the 3rd quarter valued at approximately $56,000. Employees Retirement System of Texas lifted its position in Vipshop by 143.2% in the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock worth $60,000 after buying an additional 2,717 shares in the last quarter. National Bank of Canada FI bought a new stake in Vipshop in the second quarter worth approximately $136,000. Finally, Atomi Financial Group Inc. boosted its stake in shares of Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after acquiring an additional 702 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Company Profile

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.