Vipshop (NYSE:VIPS) Stock Rating Reaffirmed by Benchmark

Vipshop (NYSE:VIPS)‘s stock had its “buy” rating reissued by research analysts at Benchmark in a research report issued on Wednesday, Benzinga reports. They currently have a $19.00 price target on the technology company’s stock. Benchmark’s price objective indicates a potential upside of 24.14% from the company’s current price.

A number of other equities analysts also recently commented on the stock. StockNews.com began coverage on shares of Vipshop in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Citigroup raised shares of Vipshop from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $18.00 to $20.00 in a research note on Wednesday. Finally, HSBC lifted their target price on shares of Vipshop from $13.80 to $14.20 and gave the stock a “hold” rating in a research note on Monday, August 21st. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.41.

Vipshop Trading Down 3.0 %

VIPS opened at $15.31 on Wednesday. The firm has a market capitalization of $8.97 billion, a PE ratio of 8.10 and a beta of 0.52. Vipshop has a twelve month low of $8.55 and a twelve month high of $19.13. The firm’s 50-day moving average price is $15.03 and its 200 day moving average price is $15.88.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Tuesday, November 14th. The technology company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $2.93. The firm had revenue of $21.08 billion for the quarter, compared to analyst estimates of $34.36 billion. Vipshop had a net margin of 7.23% and a return on equity of 20.96%. Vipshop’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, analysts predict that Vipshop will post 1.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vipshop

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Natixis acquired a new position in shares of Vipshop in the fourth quarter worth $27,000. Global Retirement Partners LLC lifted its stake in Vipshop by 6,930.3% in the first quarter. Global Retirement Partners LLC now owns 2,320 shares of the technology company’s stock worth $35,000 after acquiring an additional 2,287 shares during the last quarter. Castleview Partners LLC acquired a new position in Vipshop during the 2nd quarter worth approximately $38,000. Impact Partnership Wealth LLC acquired a new position in Vipshop during the 3rd quarter worth approximately $41,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Vipshop by 18.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the technology company’s stock valued at $65,000 after purchasing an additional 730 shares in the last quarter. 49.84% of the stock is owned by hedge funds and other institutional investors.

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.