Vipshop Holdings Ltd – (VIPS) Receives $11.21 Average Price Target from Analysts

Shares of Vipshop Holdings Ltd – (NYSE:VIPS) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $11.21.

VIPS has been the topic of a number of research reports. Goldman Sachs Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and set a $14.30 price target on the stock. in a research note on Wednesday, July 11th. ValuEngine lowered shares of Vipshop from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 14th. Daiwa Capital Markets lowered shares of Vipshop from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $16.00 to $8.00 in a research note on Tuesday, August 14th. Citigroup lowered shares of Vipshop from a “buy” rating to a “sell” rating in a research note on Tuesday, August 14th. Finally, CLSA lowered shares of Vipshop from an “outperform” rating to a “sell” rating and set a $9.00 price target on the stock. in a research note on Tuesday, August 14th.

Shares of VIPS stock traded down $0.04 on Thursday, reaching $5.65. The stock had a trading volume of 3,165,001 shares, compared to its average volume of 7,182,337. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 9.73 and a beta of 1.71. Vipshop has a 12 month low of $4.30 and a 12 month high of $19.14.

Vipshop (NYSE:VIPS) last issued its earnings results on Monday, August 13th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.73. The company had revenue of $20.74 billion for the quarter, compared to analysts’ expectations of $21.23 billion. Vipshop had a net margin of 2.78% and a return on equity of 15.75%. Vipshop’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. As a group, research analysts anticipate that Vipshop will post 0.41 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the business. Levin Capital Strategies L.P. acquired a new stake in shares of Vipshop during the 2nd quarter worth approximately $108,000. Greenleaf Trust acquired a new stake in shares of Vipshop during the 2nd quarter worth approximately $122,000. Bridgewater Associates LP acquired a new stake in shares of Vipshop during the 2nd quarter worth approximately $137,000. Tower Research Capital LLC TRC acquired a new stake in shares of Vipshop during the 2nd quarter worth approximately $183,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Vipshop during the 2nd quarter worth approximately $197,000. Hedge funds and other institutional investors own 50.13% of the company’s stock.

Vipshop Company Profile

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers 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 that include belts, jewelry, watches, and glasses for women and men.

Further Reading: Technical Analysis

Analyst Recommendations for Vipshop (NYSE:VIPS)

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