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

StockNews.com upgraded shares of Vipshop (NYSE:VIPS) from a hold rating to a buy rating in a research report report published on Thursday morning.

A number of other research firms have also weighed in on VIPS. UBS Group lowered Vipshop from a buy rating to a neutral rating and reduced their price objective for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Morgan Stanley reduced their target price on Vipshop from $16.00 to $14.00 and set an equal weight rating for the company in a report on Tuesday, August 20th. Citigroup reduced their target price on Vipshop from $25.00 to $20.00 and set a buy rating for the company in a report on Thursday, May 23rd. CLSA lowered Vipshop from an outperform rating to a hold rating and reduced their target price for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Finally, Benchmark downgraded Vipshop from a buy rating to a hold rating in a research note on Thursday, May 23rd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and an average price target of $17.75.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $12.80 on Thursday. Vipshop has a 52-week low of $11.50 and a 52-week high of $20.19. The firm has a market capitalization of $6.94 billion, a P/E ratio of 5.95 and a beta of 0.33. The stock has a 50 day moving average price of $13.24 and a 200-day moving average price of $15.10.

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

Hedge Funds Weigh In On Vipshop

A number of hedge funds have recently made changes to their positions in VIPS. Natixis Advisors L.P. lifted its position in shares of Vipshop by 1.2% in the fourth quarter. Natixis Advisors L.P. now owns 63,756 shares of the technology company’s stock worth $1,132,000 after buying an additional 757 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Vipshop by 19.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,197 shares of the technology company’s stock worth $270,000 after buying an additional 2,491 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Vipshop by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,154,041 shares of the technology company’s stock worth $91,536,000 after buying an additional 47,004 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Vipshop by 18.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 13,622 shares of the technology company’s stock worth $242,000 after buying an additional 2,162 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Vipshop by 24.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,531 shares of the technology company’s stock valued at $507,000 after purchasing an additional 5,553 shares during the period. Institutional investors 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.