Vipshop (NYSE:VIPS) Lifted to “Strong-Buy” at StockNews.com

Vipshop (NYSE:VIPS) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

Other equities research analysts also recently issued research reports about the stock. Citigroup increased their target price 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. TheStreet raised shares of Vipshop from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. HSBC reduced their target price on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Finally, Benchmark reissued a “buy” rating and issued a $29.00 target price on shares of Vipshop in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $21.13.

Vipshop Stock Down 1.3 %

VIPS stock opened at $15.14 on Friday. Vipshop has a 52 week low of $13.80 and a 52 week high of $20.19. The company has a fifty day simple moving average of $17.09 and a two-hundred day simple moving average of $16.27. The firm has a market capitalization of $8.87 billion, a P/E ratio of 7.46 and a beta of 0.41.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported $5.79 EPS for the quarter, beating the consensus estimate of $0.64 by $5.15. Vipshop had a net margin of 7.20% and a return on equity of 23.19%. The business had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.18 billion. During the same quarter last year, the business earned $0.47 earnings per share. Vipshop’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, analysts anticipate that Vipshop will post 2.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Vipshop by 0.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,375,051 shares of the technology company’s stock valued at $105,507,000 after purchasing an additional 52,842 shares in the last quarter. Claro Advisors LLC bought a new stake in shares of Vipshop in the 1st quarter valued at about $189,000. Diversified Trust Co raised its holdings in shares of Vipshop by 0.9% in the 1st quarter. Diversified Trust Co now owns 99,737 shares of the technology company’s stock valued at $1,651,000 after purchasing an additional 875 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in shares of Vipshop by 9.6% in the 1st quarter. Kathmere Capital Management LLC now owns 26,658 shares of the technology company’s stock valued at $441,000 after purchasing an additional 2,344 shares in the last quarter. Finally, Janiczek Wealth Management LLC raised its holdings in shares of Vipshop by 6.3% in the 1st quarter. Janiczek Wealth Management LLC now owns 20,248 shares of the technology company’s stock valued at $336,000 after purchasing an additional 1,193 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

About Vipshop

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.