ValuEngine cut shares of Vipshop (NYSE:VIPS) from a sell rating to a strong sell rating in a report issued on Tuesday morning.
Several other analysts have also recently commented on VIPS. Benchmark decreased their price target on shares of Vipshop from $24.00 to $19.00 and set a buy rating on the stock in a research note on Wednesday, May 16th. Daiwa Capital Markets cut shares of Vipshop from a buy rating to a hold rating in a research note on Wednesday, May 16th. KeyCorp cut shares of Vipshop from an overweight rating to a sector weight rating and set a $20.00 price target on the stock. in a research note on Tuesday, May 15th. Zacks Investment Research cut shares of Vipshop from a buy rating to a hold rating in a research note on Friday, April 20th. Finally, CLSA cut shares of Vipshop from a buy rating to an underperform rating in a research note on Tuesday, May 15th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $16.69.
Shares of VIPS stock opened at $11.93 on Tuesday. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 20.57 and a beta of 2.30. Vipshop has a 52 week low of $7.79 and a 52 week high of $19.14.
Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Monday, May 14th. The technology company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.13 by $0.92. The business had revenue of $19.87 billion for the quarter, compared to analysts’ expectations of $19.64 billion. Vipshop had a net margin of 2.51% and a return on equity of 20.24%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.31 EPS. equities analysts forecast that Vipshop will post 0.69 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Resources Investment Advisors Inc. raised its position in shares of Vipshop by 296.6% during the 4th quarter. Resources Investment Advisors Inc. now owns 12,414 shares of the technology company’s stock valued at $145,000 after buying an additional 9,284 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Vipshop during the 4th quarter valued at about $159,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Vipshop during the 4th quarter valued at about $172,000. Wexford Capital LP purchased a new stake in shares of Vipshop during the 1st quarter valued at about $181,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Vipshop during the 1st quarter valued at about $205,000. Hedge funds and other institutional investors own 49.02% of the company’s stock.
Vipshop Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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