Vipshop (NYSE:VIPS) PT Raised to $18.00 at Citigroup

Vipshop (NYSE:VIPS) had its price target upped by analysts at Citigroup from $15.00 to $18.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Citigroup’s price target would suggest a potential upside of 14.14% from the stock’s previous close.

Several other equities analysts have also recently weighed in on VIPS. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Morgan Stanley lowered their price target on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and reduced their price objective for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Finally, UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $12.50 in a research note on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.42.

Vipshop Stock Performance

Shares of VIPS opened at $15.77 on Friday. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The business has a 50-day moving average of $13.25 and a 200 day moving average of $14.83. The firm has a market cap of $8.55 billion, a P/E ratio of 7.33 and a beta of 0.33.

Vipshop (NYSE:VIPS) last posted its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping the consensus estimate of $0.48 by $3.43. The firm had revenue of $25.08 billion during the quarter, compared to the consensus estimate of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. As a group, research analysts predict that Vipshop will post 2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vipshop

Institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in Vipshop in the 2nd quarter worth approximately $1,036,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of Vipshop by 0.8% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 1,363,560 shares of the technology company’s stock worth $17,754,000 after purchasing an additional 10,600 shares during the period. SIH Partners LLLP bought a new stake in shares of Vipshop during the 2nd quarter valued at about $535,000. Scientech Research LLC purchased a new position in shares of Vipshop during the second quarter valued at about $266,000. Finally, The Manufacturers Life Insurance Company raised its stake in Vipshop by 76.6% in the second quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock worth $955,000 after buying an additional 31,816 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors.

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.