Vipshop (NYSE:VIPS) Stock Rating Lowered by StockNews.com

Vipshop (NYSE:VIPS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley dropped their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Barclays initiated coverage on shares of Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price for the company. UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. Finally, Citigroup decreased their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.50.

Vipshop Price Performance

Shares of Vipshop stock traded up $0.29 during midday trading on Wednesday, hitting $13.55. 2,628,995 shares of the company were exchanged, compared to its average volume of 3,919,271. The firm has a 50 day simple moving average of $14.64 and a 200-day simple moving average of $14.42. The firm has a market cap of $7.35 billion, a P/E ratio of 6.42, a PEG ratio of 1.56 and a beta of 0.34. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19.

Vipshop (NYSE:VIPS) last posted its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping the consensus estimate of $0.48 by $3.43. The business had revenue of $25.08 billion for the quarter, compared to analyst estimates of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. Equities research analysts expect that Vipshop will post 1.97 earnings per share for the current year.

Hedge Funds Weigh In On Vipshop

Hedge funds and other institutional investors have recently made changes to their positions in the company. 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 last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Vipshop during the 3rd quarter worth $56,000. Employees Retirement System of Texas increased 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 acquiring an additional 2,717 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Vipshop in the second quarter worth about $136,000. Finally, Atomi Financial Group Inc. grew its position in 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 during the last quarter. 48.82% of the stock is owned by institutional investors.

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.