Daiwa Capital Markets lowered shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research note published on Wednesday morning, MarketBeat.com reports.
A number of other research analysts have also recently issued reports on the company. Sanford C. Bernstein raised Vipshop from a market perform rating to an outperform rating and set a $10.00 price objective on the stock in a research note on Tuesday, January 16th. Macquarie raised Vipshop from a neutral rating to an outperform rating and set a $20.00 price objective on the stock in a research note on Tuesday, February 13th. Nomura raised their price objective on Vipshop to $19.00 and gave the company a buy rating in a research note on Thursday, January 18th. Zacks Investment Research raised Vipshop from a sell rating to a hold rating in a research note on Thursday, January 25th. Finally, HSBC raised Vipshop from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research note on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $16.69.
Shares of Vipshop opened at $12.05 on Wednesday, MarketBeat.com reports. Vipshop has a 12-month low of $7.79 and a 12-month high of $19.14. The stock has a market cap of $7.97 billion, a PE ratio of 20.78 and a beta of 2.30.
Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Monday, May 14th. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.92. Vipshop had a return on equity of 20.24% and a net margin of 2.51%. The firm had revenue of $19.87 billion for the quarter, compared to analysts’ expectations of $19.64 billion. During the same period last year, the firm earned $1.31 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. sell-side analysts anticipate that Vipshop will post 0.69 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of VIPS. Resources Investment Advisors Inc. grew its stake in shares of Vipshop by 296.6% in the fourth quarter. Resources Investment Advisors Inc. now owns 12,414 shares of the technology company’s stock worth $145,000 after purchasing an additional 9,284 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in shares of Vipshop in the fourth quarter worth about $159,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Vipshop in the fourth quarter worth about $172,000. Wexford Capital LP bought a new stake in shares of Vipshop in the first quarter worth about $181,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Vipshop in the first quarter worth about $205,000. 48.32% of the stock is currently owned by institutional investors.
Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China. It offers a range of branded products, including 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 consisting of belts, fashionable jewelry, watches, and glasses for women and men.
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