Zacks Investment Research upgraded shares of Vipshop Holdings Limited (NYSE:VIPS) from a hold rating to a buy rating in a research report released on Wednesday morning. The firm currently has $10.00 target price on the technology company’s stock.
According to Zacks, “Vipshop Holdings Ltd. is an online discount retailer for brands. The Company offers branded products to consumers in China through flash sales on its vipshop.com website. It offers a wide selection of various famous branded discount products including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products, through its website. Vipshop Holdings Ltd. is headquartered in Guangzhou. “
Several other analysts have also commented on VIPS. Macquarie reduced their price target on shares of Vipshop Holdings Limited from $16.50 to $11.00 and set an outperform rating on the stock in a research report on Friday, August 18th. BidaskClub lowered shares of Vipshop Holdings Limited from a hold rating to a sell rating in a research report on Saturday, August 19th. Daiwa Capital Markets lowered shares of Vipshop Holdings Limited from a buy rating to a hold rating and set a $10.00 price target on the stock. in a research report on Thursday, August 17th. HSBC Holdings plc lowered shares of Vipshop Holdings Limited from a hold rating to a reduce rating in a research report on Thursday, August 17th. Finally, Benchmark Co. lifted their price target on shares of Vipshop Holdings Limited from $11.00 to $14.00 and gave the company a buy rating in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Vipshop Holdings Limited has a consensus rating of Hold and an average target price of $14.04.
Vipshop Holdings Limited (NYSE:VIPS) opened at 9.00 on Wednesday. Vipshop Holdings Limited has a 52 week low of $9.00 and a 52 week high of $16.24. The company has a market cap of $5.29 billion, a P/E ratio of 17.82 and a beta of 1.90. The firm has a 50-day moving average price of $11.12 and a 200-day moving average price of $12.53.
Vipshop Holdings Limited (NYSE:VIPS) last released its earnings results on Wednesday, August 16th. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.01. Vipshop Holdings Limited had a return on equity of 40.08% and a net margin of 3.17%. The business had revenue of $17.52 billion during the quarter, compared to analysts’ expectations of $17.30 billion. During the same period last year, the business earned $0.17 earnings per share. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. Equities research analysts anticipate that Vipshop Holdings Limited will post $0.76 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in VIPS. Murphy Capital Management Inc. purchased a new stake in shares of Vipshop Holdings Limited during the second quarter worth about $111,000. 1st Global Advisors Inc. raised its stake in shares of Vipshop Holdings Limited by 1.5% in the second quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock worth $113,000 after buying an additional 160 shares during the last quarter. FNY Partners Fund LP raised its stake in shares of Vipshop Holdings Limited by 71.9% in the second quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock worth $116,000 after buying an additional 4,600 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of Vipshop Holdings Limited by 1.1% in the second quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock worth $120,000 after buying an additional 128 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new stake in shares of Vipshop Holdings Limited during the first quarter worth about $134,000. 68.10% of the stock is currently owned by institutional investors.
Vipshop Holdings Limited Company Profile
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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