Vipshop (NYSE:VIPS) Given New $19.00 Price Target at Barclays

Key Points

• Barclays lowered Vipshop’s price target to $19 from $20 but maintained an “overweight” rating, implying 42.2% upside from the previous close.
• Vipshop shares fell 5.1% to $13.36, near the lower end of their 12-month range. The stock carries a consensus “Hold” rating and an average analyst target of $19.85.
• The company reported quarterly EPS of $0.12, missing the $0.59 consensus estimate, while revenue of $3.64 billion matched expectations. Institutional investors own 48.82% of Vipshop’s stock.

Vipshop (NYSE:VIPS - Get Free Report) had its price objective lowered by stock analysts at Barclays from $20.00 to $19.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the technology company's stock. Barclays's target price would indicate a potential upside of 42.20% from the stock's previous close.

Several other equities analysts also recently weighed in on the company. Benchmark reiterated a "hold" rating on shares of Vipshop in a research report on Friday, May 22nd. Bank of America restated an "underperform" rating on shares of Vipshop in a research report on Friday, May 29th. Morgan Stanley set a $16.00 price objective on Vipshop in a research report on Wednesday. UBS Group set a $18.50 price objective on Vipshop and gave the company a "buy" rating in a research note on Friday, May 22nd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Vipshop in a report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $19.85.

Vipshop Trading Down 5.1%

VIPS traded down $0.72 during trading on Thursday, hitting $13.36. 1,061,867 shares of the company's stock traded hands, compared to its average volume of 2,320,509. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 4.43, a PEG ratio of 1.44 and a beta of 0.67. The company's 50 day simple moving average is $14.24 and its two-hundred day simple moving average is $14.96. Vipshop has a 12-month low of $12.65 and a 12-month high of $21.08.

Vipshop (NYSE:VIPS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The technology company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.47). Vipshop had a return on equity of 13.03% and a net margin of 9.88%.The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. On average, equities analysts expect that Vipshop will post 2.24 EPS for the current year.

Hedge Funds Weigh In On Vipshop

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mariner LLC raised its holdings in shares of Vipshop by 3.2% during the 3rd quarter. Mariner LLC now owns 18,308 shares of the technology company's stock worth $360,000 after acquiring an additional 561 shares during the period. Arax Advisory Partners grew its holdings in shares of Vipshop by 96.8% in the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company's stock valued at $25,000 after purchasing an additional 692 shares during the period. Loomis Sayles & Co. L P increased its position in Vipshop by 1.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 63,826 shares of the technology company's stock worth $1,129,000 after purchasing an additional 949 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ increased its position in Vipshop by 1.7% during the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 59,943 shares of the technology company's stock worth $1,060,000 after purchasing an additional 1,000 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Vipshop by 12.6% during 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 last quarter. Institutional investors own 48.82% of the company's stock.

Vipshop Company Profile

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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