A number of other research firms have also recently weighed in on VIPS. Citigroup upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.00 to $20.00 in a report on Wednesday. HSBC lifted their target price on shares of Vipshop from $13.80 to $14.20 and gave the company a “hold” rating in a report on Monday, August 21st. Finally, Benchmark reissued a “buy” rating and issued a $19.00 price target on shares of Vipshop in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Vipshop presently has a consensus rating of “Moderate Buy” and an average price target of $17.41.
Vipshop Trading Down 3.0 %
Vipshop (NYSE:VIPS – Get Free Report) last posted its quarterly earnings results on Tuesday, November 14th. The technology company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $2.93. Vipshop had a net margin of 7.23% and a return on equity of 20.96%. The firm had revenue of $21.08 billion for the quarter, compared to analysts’ expectations of $34.36 billion. During the same period in the prior year, the business posted $0.28 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts predict that Vipshop will post 1.85 earnings per share for the current fiscal year.
Institutional Trading of Vipshop
Several institutional investors and hedge funds have recently bought and sold shares of the stock. iA Global Asset Management Inc. raised its holdings in Vipshop by 16.6% in the 3rd quarter. iA Global Asset Management Inc. now owns 14,935 shares of the technology company’s stock valued at $239,000 after buying an additional 2,124 shares during the period. GSA Capital Partners LLP purchased a new position in Vipshop in the third quarter valued at approximately $175,000. Royal London Asset Management Ltd. increased its stake in Vipshop by 2.0% in the third quarter. Royal London Asset Management Ltd. now owns 511,600 shares of the technology company’s stock valued at $8,193,000 after purchasing an additional 10,200 shares during the last quarter. Schroder Investment Management Group increased its stake in Vipshop by 2.8% in the third quarter. Schroder Investment Management Group now owns 3,731,068 shares of the technology company’s stock valued at $59,734,000 after purchasing an additional 100,457 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Vipshop by 6.2% in the third quarter. Sei Investments Co. now owns 2,017,050 shares of the technology company’s stock valued at $32,293,000 after purchasing an additional 118,596 shares during the last quarter. 49.84% of the stock is currently 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.
- Five stocks we like better than Vipshop
- Find and Profitably Trade Stocks at 52-Week Lows
- Amazon, Target, Walmart in a race for fastest delivery
- How to Most Effectively Use the MarketBeat Earnings Screener
- Palo Alto Networks: the one security stock to rule them all
- How and Why to Invest in Oil Stocks
- Is it time to buy the dip in Walmart shares?
Receive News & Ratings for Vipshop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop and related companies with MarketBeat.com's FREE daily email newsletter.