Vipshop (NYSE:VIPS) PT Lowered to $20.00 at Citigroup

Vipshop (NYSE:VIPS) had its price objective reduced by Citigroup from $25.00 to $20.00 in a report issued on Thursday morning, Benzinga reports. They currently have a buy rating on the technology company’s stock.

VIPS has been the subject of several other research reports. HSBC cut their target price on Vipshop from $22.90 to $19.00 and set a hold rating for the company in a research note on Thursday, March 28th. Benchmark downgraded Vipshop from a buy rating to a hold rating in a research report on Thursday. Finally, StockNews.com cut shares of Vipshop from a strong-buy rating to a buy rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $21.60.

Vipshop Trading Up 0.2 %

Shares of VIPS opened at $15.94 on Thursday. The firm has a 50-day moving average price of $16.39 and a 200 day moving average price of $16.45. Vipshop has a 12-month low of $13.80 and a 12-month high of $20.19. The firm has a market capitalization of $8.64 billion, a P/E ratio of 7.41 and a beta of 0.44.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share for the quarter, beating the consensus estimate of $0.64 by $5.15. The business had revenue of $34.67 billion during the quarter, compared to analysts’ expectations of $33.18 billion. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 EPS. Equities research analysts predict that Vipshop will post 2.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vipshop

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Vipshop by 1.8% in the first quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock valued at $227,772,000 after purchasing an additional 248,743 shares during the period. Krane Funds Advisors LLC lifted its holdings in Vipshop by 14.2% during the 3rd quarter. Krane Funds Advisors LLC now owns 13,062,322 shares of the technology company’s stock worth $209,128,000 after buying an additional 1,622,703 shares in the last quarter. FIL Ltd lifted its holdings in Vipshop by 31.2% during the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after buying an additional 2,593,670 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Vipshop by 28.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock valued at $184,600,000 after buying an additional 2,273,198 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Vipshop by 0.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,375,051 shares of the technology company’s stock worth $105,507,000 after acquiring an additional 52,842 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

About Vipshop

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.