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

StockNews.com downgraded shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a report issued on Tuesday morning.

A number of other equities research analysts have also commented on the stock. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Citigroup upped 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. Morgan Stanley lowered their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. CLSA lowered 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. Finally, Barclays started coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price for the company. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.64.

Vipshop Stock Down 0.8 %

Shares of Vipshop stock opened at $13.86 on Tuesday. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 6.57, a P/E/G ratio of 1.57 and a beta of 0.34. Vipshop has a twelve month low of $11.50 and a twelve month high of $20.19. The company’s fifty day moving average is $14.51 and its 200 day moving average is $14.50.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share 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 analysts’ expectations of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. As a group, equities analysts anticipate that Vipshop will post 1.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. First Beijing Investment Ltd bought a new stake in shares of Vipshop during the third quarter valued at approximately $120,182,000. Krane Funds Advisors LLC increased its stake in Vipshop by 20.3% during the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after purchasing an additional 2,659,117 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Vipshop by 155.0% during the second 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 during the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd bought a new position in shares of Vipshop in the first quarter valued at $25,487,000. Finally, Swedbank AB acquired a new position in shares of Vipshop during the first quarter valued at about $19,185,000. 48.82% of the stock is owned by institutional investors and hedge funds.

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.