Vipshop Holdings Limited (NYSE:VIPS) Stock Has Average Price Target of $17.16

by · The Cerbat Gem

Shares of Vipshop Holdings Limited (NYSE:VIPS – Get Free Report) have been given an average rating of “Hold” by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $17.16.

Several brokerages have recently weighed in on VIPS. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vipshop in a research report on Friday, August 21st. Morgan Stanley set a $16.00 price objective on shares of Vipshop in a research report on Wednesday, August 26th. Citigroup reduced their price objective on shares of Vipshop from $15.30 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, September 29th. JPMorgan Chase & Co. reduced their price objective on shares of Vipshop from $21.00 to $17.00 and set an “overweight” rating for the company in a research note on Thursday, September 10th. Finally, Nomura lowered shares of Vipshop from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a report on Thursday, August 27th.

Read Our Latest Report on Vipshop

Vipshop Stock Performance

Shares of NYSE VIPS opened at $12.89 on Thursday. Vipshop has a fifty-two week low of $12.02 and a fifty-two week high of $20.49. The stock has a market cap of $6.17 billion, a PE ratio of 4.27, a price-to-earnings-growth ratio of 2.03 and a beta of 0.57. The stock has a fifty day moving average of $12.83 and a 200-day moving average of $14.66.

Vipshop (NYSE:VIPS – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.47). Vipshop had a return on equity of 12.63% and a net margin of 9.88%. The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.64 billion. On average, sell-side analysts predict that Vipshop will post 1.63 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in shares of Vipshop by 12.6% in the first quarter. PNC Financial Services Group Inc. now owns 11,366 shares of the technology company’s stock worth $179,000 after purchasing an additional 1,272 shares during the period. Quadrant Capital Group LLC boosted its stake in Vipshop by 1.1% during the third quarter. Quadrant Capital Group LLC now owns 125,747 shares of the technology company’s stock valued at $1,620,000 after buying an additional 1,350 shares during the period. QRG Capital Management Inc. boosted its stake in Vipshop by 6.0% during the first quarter. QRG Capital Management Inc. now owns 24,033 shares of the technology company’s stock valued at $378,000 after buying an additional 1,357 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Vipshop by 100.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after buying an additional 1,864 shares during the period. Finally, Ramsey Quantitative Systems grew its position in Vipshop by 25.0% during the third quarter. Ramsey Quantitative Systems now owns 11,000 shares of the technology company’s stock worth $138,000 after buying an additional 2,200 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Company Profile

(Get Free Report)

Vipshop Holdings Limited (NYSE: VIPS) operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, with a focus on limited-time and seasonal sales.

Its product categories include apparel, footwear, accessories, beauty and personal-care products, home goods, consumer electronics, and other lifestyle merchandise. Vipshop sources products from brand owners, retailers, and other suppliers, and supports transactions through online retail, warehousing, fulfillment, and customer-service operations.

Founded in 2008 and headquartered in Guangzhou, China, Vipshop primarily serves consumers in mainland China.

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