Posted by admin on May 27th, 2022
Vipshop (NYSE:VIPS – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports.
According to Zacks, “Vipshop Holdings Ltd. is an online discount retailer for brands. The Company offers branded products to consumers in China through flash sales on its vipshop.com website. It offers a wide selection of various famous branded discount products including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products, through its website. Vipshop Holdings Ltd. is headquartered in Guangzhou. “
Other analysts have also recently issued research reports about the company. Morgan Stanley cut Vipshop from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $15.00 to $10.00 in a research report on Thursday, February 24th. Citigroup lowered Vipshop from a “neutral” rating to a “sell” rating and cut their price target for the company from $8.60 to $7.80 in a research note on Friday, May 20th. StockNews.com assumed coverage on shares of Vipshop in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Vipshop from $9.00 to $7.00 in a report on Monday, March 14th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.84.
Vipshop stock opened at $8.98 on Friday. The stock has a market cap of $6.10 billion, a PE ratio of 9.45 and a beta of 0.66. Vipshop has a 1-year low of $5.75 and a 1-year high of $24.49. The stock’s fifty day moving average is $8.20 and its two-hundred day moving average is $8.83.
Vipshop (NYSE:VIPS – Get Rating) last released its earnings results on Thursday, May 19th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.19. Vipshop had a net margin of 3.72% and a return on equity of 15.55%. The firm had revenue of $23.93 billion during the quarter, compared to the consensus estimate of $25.69 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. Vipshop’s revenue was down 12.1% compared to the same quarter last year. As a group, analysts anticipate that Vipshop will post 1.05 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of VIPS. Fieldpoint Private Securities LLC raised its holdings in Vipshop by 170.1% during the 1st quarter. Fieldpoint Private Securities LLC now owns 4,510 shares of the technology company’s stock valued at $41,000 after buying an additional 2,840 shares during the period. Wealth Quarterback LLC acquired a new stake in shares of Vipshop in the third quarter worth $55,000. Quadrant Capital Group LLC raised its position in shares of Vipshop by 90.6% in the fourth quarter. Quadrant Capital Group LLC now owns 6,740 shares of the technology company’s stock worth $57,000 after acquiring an additional 3,203 shares during the period. Parallel Advisors LLC grew its position in shares of Vipshop by 86.8% in the fourth quarter. Parallel Advisors LLC now owns 7,560 shares of the technology company’s stock valued at $64,000 after purchasing an additional 3,512 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Vipshop during the first quarter worth $65,000. 54.52% of the stock is owned by institutional investors.
Vipshop Company Profile (Get Rating)
Vipshop Holdings Limited operates online platforms for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items.
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