Vipshop (NYSE:VIPS) Downgraded by StockNews.com to Buy

Vipshop (NYSE:VIPSGet Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Other equities analysts have also issued research reports about the stock. TheStreet raised shares of Vipshop from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. Citigroup lifted their price target on shares of Vipshop from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, Benchmark reissued a “buy” rating and issued a $19.00 price target on shares of Vipshop in a research report on Wednesday, November 15th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Vipshop presently has a consensus rating of “Moderate Buy” and an average target price of $18.29.

View Our Latest Stock Analysis on Vipshop

Vipshop Stock Performance

Shares of VIPS stock traded down $0.42 during trading on Thursday, hitting $16.47. 2,321,952 shares of the company were exchanged, compared to its average volume of 2,813,198. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 9.10 and a beta of 0.38. The business’s 50-day simple moving average is $16.31 and its 200 day simple moving average is $15.94. Vipshop has a twelve month low of $13.14 and a twelve month high of $19.13.

Vipshop (NYSE:VIPSGet Free Report) last posted its earnings results on Tuesday, November 14th. The technology company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $2.93. The firm had revenue of $21.08 billion during the quarter, compared to analysts’ expectations of $34.36 billion. Vipshop had a net margin of 6.74% and a return on equity of 21.00%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. On average, equities analysts forecast that Vipshop will post 1.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vipshop

A number of hedge funds have recently added to or reduced their stakes in VIPS. Natixis acquired a new position in Vipshop during the 4th quarter valued at about $27,000. Lindbrook Capital LLC lifted its position in Vipshop by 56.4% during the 4th quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock valued at $35,000 after purchasing an additional 708 shares during the period. Rakuten Securities Inc. acquired a new position in Vipshop during the 4th quarter valued at about $36,000. Castleview Partners LLC acquired a new position in Vipshop during the 2nd quarter valued at about $38,000. Finally, Impact Partnership Wealth LLC acquired a new position in Vipshop during the 3rd quarter valued at about $41,000. Institutional investors own 49.84% of the company’s stock.

About Vipshop

(Get Free Report)

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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.

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Analyst Recommendations for Vipshop (NYSE:VIPS)

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