Barclays Initiates Coverage on Vipshop (NYSE:VIPS)

Equities research analysts at Barclays started coverage on shares of Vipshop (NYSE:VIPS) in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $19.00 price target on the technology company’s stock. Barclays‘s price objective indicates a potential upside of 28.55% from the stock’s previous close.

Several other analysts also recently commented on VIPS. Morgan Stanley reduced their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and dropped their price target for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Finally, Citigroup raised their price target on shares of Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Vipshop currently has an average rating of “Hold” and a consensus price target of $17.64.

Vipshop Price Performance

Shares of VIPS opened at $14.78 on Wednesday. The stock has a 50-day moving average of $14.42 and a 200-day moving average of $14.55. The company has a market cap of $8.02 billion, a PE ratio of 7.00, a P/E/G ratio of 1.64 and a beta of 0.34. Vipshop has a one year low of $11.50 and a one year high of $20.19.

Vipshop (NYSE:VIPS) last issued its earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, beating the consensus estimate of $0.48 by $3.43. The company had revenue of $25.08 billion during the quarter, compared to the consensus estimate of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. Analysts expect that Vipshop will post 1.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Vipshop

Several hedge funds have recently modified their holdings of VIPS. First Beijing Investment Ltd bought a new position in shares of Vipshop during the 3rd quarter worth approximately $120,182,000. Krane Funds Advisors LLC lifted its position in shares of Vipshop by 20.3% during the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after buying an additional 2,659,117 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Vipshop by 155.0% during the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after buying an additional 2,117,902 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd bought a new position in shares of Vipshop during the 1st quarter worth approximately $25,487,000. Finally, Swedbank AB bought a new position in shares of Vipshop during the 1st quarter worth approximately $19,185,000. Institutional investors own 48.82% of the company’s stock.

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.