JPMorgan Chase & Co. Has Lowered Expectations for Vipshop (NYSE:VIPS) Stock Price

Key Points

• JPMorgan lowered Vipshop’s price target from $21 to $17 while maintaining an “overweight” rating, implying roughly 35% upside from the stock’s reported $12.57 price.
• Analyst sentiment is mixed but leans cautious: Vipshop has a consensus “Hold” rating and an average price target of $17.85, with recent downgrades from some firms, including Zacks Research to “Strong Sell.”
• Vipshop’s latest quarterly earnings missed expectations, reporting $0.12 in adjusted earnings per share versus a $0.59 consensus estimate, although revenue of $3.64 billion matched forecasts.

Vipshop (NYSE:VIPS - Get Free Report) had its price target decreased by research analysts at JPMorgan Chase & Co. from $21.00 to $17.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 35.29% from the stock's current price.

A number of other brokerages also recently weighed in on VIPS. Weiss Ratings reissued a "hold (c-)" rating on shares of Vipshop in a research report on Friday, August 21st. Morgan Stanley set a $16.00 price target on Vipshop in a research note on Wednesday, August 26th. Benchmark reissued a "hold" rating on shares of Vipshop in a report on Friday, May 22nd. Wall Street Zen lowered shares of Vipshop from a "buy" rating to a "hold" rating in a report on Monday, August 24th. Finally, Zacks Research lowered Vipshop from a "hold" rating to a "strong sell" rating in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $17.85.

Vipshop Stock Performance

Vipshop stock traded up $0.06 during mid-day trading on Thursday, reaching $12.57. The company's stock had a trading volume of 450,741 shares, compared to its average volume of 2,381,481. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 4.17, a price-to-earnings-growth ratio of 2.00 and a beta of 0.67. The business's 50 day simple moving average is $14.21 and its 200 day simple moving average is $14.65. Vipshop has a 12 month low of $12.48 and a 12 month high of $21.08.

Vipshop (NYSE:VIPS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The technology company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.47). The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Vipshop had a net margin of 9.88% and a return on equity of 12.63%. As a group, sell-side analysts expect that Vipshop will post 1.67 EPS for the current year.

Institutional Trading of Vipshop

Hedge funds have recently bought and sold shares of the stock. Arax Advisory Partners grew its stake in Vipshop by 96.8% during the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company's stock valued at $25,000 after acquiring an additional 692 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Vipshop by 8,472.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company's stock valued at $38,000 after purchasing an additional 2,118 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Vipshop by 100.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company's stock valued at $58,000 after purchasing an additional 1,864 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Vipshop during the second quarter worth $58,000. Finally, Global Retirement Partners LLC raised its position in shares of Vipshop by 104.3% in the 4th quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company's stock valued at $106,000 after purchasing an additional 3,050 shares during the last quarter. Institutional investors own 48.82% of the company's stock.

About Vipshop

Vipshop Holdings Limited NYSE: VIPS is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.

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