Vipshop Holdings Limited (NYSE:VIPS) Receives $18.52 Average PT from Analysts

Vipshop Holdings Limited (NYSE:VIPS) has been given an average rating of “Hold” by the ten brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $17.85.

Several brokerages have recently issued reports on VIPS. Bank of America reiterated an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. UBS Group set a $18.50 price objective on Vipshop and gave the stock a “buy” rating in a report on Friday, May 22nd. Zacks Research cut shares of Vipshop from a “hold” rating to a “strong sell” rating in a research note on Friday, August 28th. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Vipshop from $21.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday.

Hedge Funds Weigh In On Vipshop

Several institutional investors have recently bought and sold shares of VIPS. Mariner LLC increased its holdings in Vipshop by 3.2% during the third quarter. Mariner LLC now owns 18,308 shares of the technology company’s stock worth $360,000 after buying an additional 561 shares during the last quarter. Arax Advisory Partners grew its position in shares of Vipshop by 96.8% in the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after acquiring an additional 692 shares during the period. Loomis Sayles & Co. L P increased its stake in shares of Vipshop by 1.5% during the 4th quarter. Loomis Sayles & Co. L P now owns 63,826 shares of the technology company’s stock worth $1,129,000 after purchasing an additional 949 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ increased its stake in shares of Vipshop by 1.7% during the 4th quarter. Lansforsakringar Fondforvaltning AB publ now owns 59,943 shares of the technology company’s stock worth $1,060,000 after purchasing an additional 1,000 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Vipshop by 12.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,366 shares of the technology company’s stock valued at $179,000 after purchasing an additional 1,272 shares during the period. 48.82% of the stock is currently owned by institutional investors.

Vipshop Price Performance

Vipshop stock opened at $12.47 on Wednesday. Vipshop has a fifty-two week low of $12.45 and a fifty-two week high of $21.08. The firm’s 50 day simple moving average is $14.18 and its 200-day simple moving average is $14.58. The company has a market cap of $5.97 billion, a P/E ratio of 4.13, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.47). Vipshop had a return on equity of 12.63% and a net margin of 9.88%.The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. On average, analysts expect that Vipshop will post 1.67 EPS for the current fiscal year.

Vipshop Company Profile

Vipshop Holdings Limited operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, primarily through limited-time and special-sale events.

Its merchandise categories include apparel, footwear, accessories, cosmetics, home and lifestyle products, consumer electronics, and other general merchandise. Vipshop sources products from brands, retailers, and distributors and provides online shopping, order fulfillment, and related customer services.

Founded in 2008, Vipshop has focused on serving consumers in mainland China with discounted branded goods.