Vipshop (NYSE:VIPS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, March 14th. The brokerage currently has a $21.00 price target on the technology company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 25.75% from the stock’s current price.
According to Zacks, “Vipshop Holdings Ltd. is an online discount retailer for brands. The Company offers branded products to consumers in China through flash sales on its vipshop.com website. It offers a wide selection of various famous branded discount products including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products, through its website. Vipshop Holdings Ltd. is headquartered in Guangzhou. “
A number of other brokerages have also commented on VIPS. Daiwa Capital Markets raised Vipshop from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Nomura increased their price objective on Vipshop to $19.00 and gave the company a “buy” rating in a report on Thursday, January 18th. KeyCorp set a $17.00 target price on Vipshop and gave the company a “buy” rating in a report on Tuesday, January 16th. Sanford C. Bernstein raised Vipshop from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a report on Tuesday, January 16th. Finally, JPMorgan Chase lowered their target price on Vipshop from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.20.
Shares of NYSE VIPS traded up $0.26 during mid-day trading on Wednesday, hitting $16.70. 7,948,099 shares of the company traded hands, compared to its average volume of 8,778,679. The company has a market cap of $10,786.78, a price-to-earnings ratio of 28.79 and a beta of 2.27. The company has a quick ratio of 0.98, a current ratio of 1.35 and a debt-to-equity ratio of 0.29. Vipshop has a 1 year low of $7.79 and a 1 year high of $19.14.
Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Monday, February 12th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.60 billion. Vipshop had a return on equity of 25.75% and a net margin of 2.67%. sell-side analysts expect that Vipshop will post 0.64 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Comgest Global Investors S.A.S. raised its position in Vipshop by 1.0% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 24,948,420 shares of the technology company’s stock valued at $219,297,000 after purchasing an additional 244,617 shares during the last quarter. BlackRock Inc. raised its position in Vipshop by 19.7% in the 4th quarter. BlackRock Inc. now owns 20,007,313 shares of the technology company’s stock valued at $234,485,000 after purchasing an additional 3,291,645 shares during the last quarter. Schroder Investment Management Group raised its position in Vipshop by 3.9% in the 4th quarter. Schroder Investment Management Group now owns 13,772,922 shares of the technology company’s stock valued at $161,418,000 after purchasing an additional 520,031 shares during the last quarter. Millennium Management LLC raised its position in Vipshop by 466.0% in the 4th quarter. Millennium Management LLC now owns 6,860,781 shares of the technology company’s stock valued at $80,408,000 after purchasing an additional 5,648,538 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in Vipshop by 3,636.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 5,304,737 shares of the technology company’s stock valued at $46,629,000 after purchasing an additional 5,162,758 shares during the last quarter. Hedge funds and other institutional investors own 47.95% of the company’s stock.
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Vipshop Company Profile
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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