Vipshop (NYSE:VIPS) PT Lowered to $19.00

Vipshop (NYSE:VIPS) had its price target decreased by investment analysts at HSBC from $22.90 to $19.00 in a report released on Thursday, Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. HSBC’s target price points to a potential upside of 15.43% from the company’s previous close.

Other analysts have also issued reports about the stock. TheStreet upgraded shares of Vipshop from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Benchmark reiterated a “buy” rating and issued a $29.00 price target on shares of Vipshop in a research note on Thursday, February 29th. StockNews.com upgraded shares of Vipshop from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 16th. Finally, Citigroup increased their price target on shares of Vipshop from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $20.59.

Vipshop Stock Performance

Shares of VIPS opened at $16.46 on Thursday. The stock has a market capitalization of $9.64 billion, a PE ratio of 8.11 and a beta of 0.43. Vipshop has a 1 year low of $13.80 and a 1 year high of $20.19. The company’s 50-day simple moving average is $16.86 and its 200-day simple moving average is $16.09.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $5.15. The business had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.18 billion. Vipshop had a net margin of 7.20% and a return on equity of 23.19%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 earnings per share. On average, sell-side analysts predict that Vipshop will post 2.24 earnings per share for the current year.

Institutional Trading of Vipshop

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its stake in shares of Vipshop by 56.4% in the 4th quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock valued at $35,000 after purchasing an additional 708 shares in the last quarter. Rakuten Securities Inc. acquired a new position in Vipshop during the 4th quarter worth approximately $36,000. Natixis acquired a new position in Vipshop during the 4th quarter worth approximately $27,000. Richardson Financial Services Inc. acquired a new position in Vipshop during the 4th quarter worth approximately $39,000. Finally, Castleview Partners LLC acquired a new position in shares of Vipshop in the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.