Vipshop (VIPS) Rating Lowered to Underperform at CLSA

CLSA downgraded shares of Vipshop (NYSE:VIPS) from a buy rating to an underperform rating in a research note published on Tuesday morning, Marketbeat.com reports.

Other analysts have also issued reports about the stock. KeyCorp set a $20.00 target price on shares of Vipshop and gave the company a buy rating in a research report on Tuesday, February 13th. HSBC upgraded shares of Vipshop from a hold rating to a buy rating and set a $20.00 target price on the stock in a research report on Wednesday, February 14th. Benchmark reiterated a buy rating and set a $24.00 target price (up from $12.00) on shares of Vipshop in a research report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Vipshop from a hold rating to a buy rating and set a $21.00 target price on the stock in a research report on Friday, February 23rd. Finally, Macquarie upgraded shares of Vipshop from a neutral rating to an outperform rating and set a $20.00 target price on the stock in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Vipshop presently has an average rating of Hold and an average price target of $16.72.

Shares of Vipshop opened at $12.05 on Tuesday, Marketbeat reports. Vipshop has a twelve month low of $7.79 and a twelve month high of $19.14. The stock has a market cap of $8.31 billion, a PE ratio of 20.78 and a beta of 2.30.

Vipshop (NYSE:VIPS) last issued its earnings results on Monday, May 14th. The technology company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.92. Vipshop had a net margin of 2.51% and a return on equity of 20.24%. The business had revenue of $19.87 billion for the quarter, compared to analyst estimates of $19.64 billion. During the same period in the previous year, the business earned $1.31 EPS. The firm’s revenue was up 24.6% on a year-over-year basis. analysts anticipate that Vipshop will post 0.69 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Alkeon Capital Management LLC acquired a new position in Vipshop in the first quarter valued at about $1,662,000. Legal & General Group Plc raised its stake in shares of Vipshop by 37.3% in the first quarter. Legal & General Group Plc now owns 1,967,223 shares of the technology company’s stock worth $32,696,000 after acquiring an additional 534,223 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Vipshop in the first quarter worth about $113,798,000. Scopus Asset Management L.P. bought a new position in shares of Vipshop in the first quarter worth about $11,052,000. Finally, Wexford Capital LP bought a new position in shares of Vipshop in the first quarter worth about $181,000. Hedge funds and other institutional investors own 48.32% of the company’s stock.

Vipshop Company Profile

Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China. It offers a range of branded products, including women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories consisting of belts, fashionable jewelry, watches, and glasses for women and men.

Analyst Recommendations for Vipshop (NYSE:VIPS)

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