Vipshop (VIPS) PT Lowered to $5.40 at Citigroup
Vipshop (NYSE:VIPS) had its price objective trimmed by Citigroup to $5.40 in a research report released on Monday, The Fly reports. The brokerage currently has a sell rating on the technology company’s stock.
Several other research analysts have also issued reports on the stock. UBS Group dropped their price target on shares of Vipshop from $8.00 to $5.50 and set a neutral rating for the company in a research report on Friday, October 12th. JPMorgan Chase & Co. lowered shares of Vipshop from an overweight rating to a neutral rating and set a $6.00 price target for the company. in a research report on Tuesday, October 9th. ValuEngine lowered shares of Vipshop from a sell rating to a strong sell rating in a research report on Tuesday, September 4th. Zacks Investment Research lowered shares of Vipshop from a hold rating to a sell rating in a research report on Tuesday, August 21st. Finally, Macquarie dropped their price target on shares of Vipshop from $16.50 to $10.50 and set an outperform rating for the company in a research report on Wednesday, August 15th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Vipshop has a consensus rating of Hold and an average target price of $11.21.
Shares of VIPS opened at $5.43 on Monday. The stock has a market cap of $4.11 billion, a PE ratio of 9.24 and a beta of 1.66. Vipshop has a 52 week low of $4.86 and a 52 week high of $19.14.
Institutional investors have recently modified their holdings of the business. Levin Capital Strategies L.P. bought a new stake in Vipshop during the second quarter worth about $108,000. Greenleaf Trust bought a new stake in Vipshop during the second quarter worth about $122,000. Bridgewater Associates LP bought a new stake in Vipshop during the second quarter worth about $137,000. Tower Research Capital LLC TRC bought a new stake in Vipshop during the second quarter worth about $183,000. Finally, Engineers Gate Manager LP bought a new stake in Vipshop during the second quarter worth about $197,000. 50.06% of the stock is currently owned by hedge funds and other institutional investors.
Vipshop Company Profile
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 shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.
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