TheStreet upgraded shares of Vipshop (NYSE:VIPS) from a c rating to a b- rating in a research report report published on Tuesday, TheStreetRatingsTable reports.
VIPS has been the subject of a number of other research reports. Bank of America reissued a hold rating and issued a $9.72 target price on shares of Vipshop in a report on Monday, August 19th. New Street Research raised Vipshop from a neutral rating to a buy rating and raised their target price for the company from $6.00 to $9.50 in a report on Friday, August 16th. Citigroup raised Vipshop from a sell rating to a neutral rating in a report on Tuesday, May 28th. Credit Suisse Group raised Vipshop from a neutral rating to an outperform rating in a report on Thursday, August 15th. Finally, CICC Research raised Vipshop from a neutral rating to an outperform rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $8.60.
Vipshop stock opened at $9.67 on Tuesday. Vipshop has a one year low of $4.30 and a one year high of $9.69. The business has a fifty day moving average of $7.78 and a two-hundred day moving average of $7.87. The company has a market cap of $6.28 billion, a P/E ratio of 22.49 and a beta of 1.92.
Vipshop (NYSE:VIPS) last released its earnings results on Wednesday, August 14th. The technology company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $1.46. Vipshop had a return on equity of 14.63% and a net margin of 2.97%. The company had revenue of $21.72 billion during the quarter, compared to the consensus estimate of $21.60 billion. During the same quarter last year, the company earned $0.84 earnings per share. Vipshop’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Vipshop will post 0.66 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of Vipshop during the 2nd quarter worth $34,000. Advisor Group Inc. raised its stake in shares of Vipshop by 390.3% during the 2nd quarter. Advisor Group Inc. now owns 7,208 shares of the technology company’s stock worth $63,000 after buying an additional 5,738 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Vipshop during the 2nd quarter worth $88,000. Ellington Management Group LLC acquired a new position in shares of Vipshop during the 2nd quarter worth $88,000. Finally, Cadence Capital Management LLC acquired a new position in shares of Vipshop during the 1st quarter worth $95,000. 45.57% of the stock is owned by institutional investors and hedge funds.
Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.
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