Vipshop Holdings Limited (NYSE:VIPS) Stock Has Consensus Price Target of $17.16 According to Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned a consensus rating of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.16.

Several analysts recently commented on the stock. Nomura restated a “neutral” rating and set a $14.00 price target on shares of Vipshop in a report on Thursday, August 27th. Wall Street Zen lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Monday, August 24th. Morgan Stanley set a $16.00 target price on shares of Vipshop in a research report on Wednesday, August 26th. JPMorgan Chase & Co. decreased their target price on shares of Vipshop from $21.00 to $17.00 and set an “overweight” rating for the company in a research note on Thursday, September 10th. Finally, Barclays lowered their price target on shares of Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, August 27th.

Vipshop Trading Up 0.3%

Shares of Vipshop stock opened at $12.74 on Friday. The stock has a 50-day moving average price of $13.56 and a 200 day moving average price of $14.10. The company has a market cap of $6.10 billion, a P/E ratio of 4.22, a P/E/G ratio of 1.95 and a beta of 0.57. Vipshop has a 1 year low of $12.02 and a 1 year high of $20.62.

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). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. Vipshop had a return on equity of 12.63% and a net margin of 9.88%. On average, equities analysts forecast that Vipshop will post 1.68 earnings per share for the current fiscal year.

Institutional Trading of Vipshop

A number of institutional investors have recently bought and sold shares of the company. Carmignac Gestion increased its position in Vipshop by 7.7% in the 1st quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company’s stock worth $70,510,000 after purchasing an additional 319,375 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Vipshop by 0.4% during the 1st quarter. Hsbc Holdings PLC now owns 2,327,725 shares of the technology company’s stock worth $36,592,000 after purchasing an additional 9,395 shares in the last quarter. Norges Bank acquired a new stake in shares of Vipshop during the 4th quarter valued at about $27,631,000. SG Americas Securities LLC lifted its holdings in shares of Vipshop by 44.1% during the 1st quarter. SG Americas Securities LLC now owns 1,344,090 shares of the technology company’s stock valued at $21,129,000 after buying an additional 411,123 shares during the last quarter. Finally, Polymer Capital Management HK LTD grew its stake in shares of Vipshop by 59.4% in the 4th quarter. Polymer Capital Management HK LTD now owns 932,407 shares of the technology company’s stock valued at $16,494,000 after buying an additional 347,307 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

About Vipshop

Vipshop Holdings Limited (NYSE: VIPS) is a China-based online discount retailer specializing in branded products offered through limited-time promotional events. The company operates the Vipshop platform, which connects consumers with discounted apparel, footwear, beauty products, household goods, consumer electronics and other merchandise from domestic and international brands.

Founded in 2008, Vipshop built its business around the “flash sale” model, offering select products for a limited period and helping brands manage excess inventory and reach price-conscious consumers.