Vipshop (NYSE:VIPS) Lowered to Neutral Rating by Nomura

Key Points

• Nomura downgraded Vipshop from “Buy” to “Neutral,” adding to a consensus “Hold” rating from analysts. The average price target is $20.18.
• Vipshop shares fell 4.7% to $13.43, near the lower end of their 52-week range. The stock trades at a P/E ratio of 4.45.
• The company reported quarterly EPS of $0.12, missing the $0.59 consensus estimate, while revenue of $3.64 billion matched expectations.

Vipshop (NYSE:VIPS - Get Free Report) was downgraded by equities research analysts at Nomura from a "buy" rating to a "neutral" rating in a note issued to investors on Thursday, Marketbeat reports.

Several other analysts have also recently weighed in on the company. Wall Street Zen cut Vipshop from a "buy" rating to a "hold" rating in a report on Monday. UBS Group set a $18.50 price target on shares of Vipshop and gave the company a "buy" rating in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Vipshop in a research note on Friday, August 21st. Benchmark reiterated a "hold" rating on shares of Vipshop in a report on Friday, May 22nd. Finally, Morgan Stanley set a $16.00 price objective on shares of Vipshop in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $20.18.

Vipshop Stock Down 4.7%

Shares of NYSE VIPS traded down $0.66 during midday trading on Thursday, reaching $13.43. 761,681 shares of the company were exchanged, compared to its average volume of 2,316,393. The stock's 50-day moving average price is $14.24 and its 200-day moving average price is $14.96. The stock has a market cap of $6.43 billion, a P/E ratio of 4.45, a PEG ratio of 1.44 and a beta of 0.67. Vipshop has a one year low of $12.65 and a one year 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). The firm 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 13.03%. On average, equities research analysts anticipate that Vipshop will post 2.24 EPS for the current year.

Hedge Funds Weigh In On Vipshop

Institutional investors have recently added to or reduced their stakes in the business. Arax Advisory Partners boosted 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 worth $25,000 after acquiring an additional 692 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Vipshop by 8,472.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company's stock worth $38,000 after purchasing an additional 2,118 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Vipshop by 100.4% in the 1st 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. State of Wyoming increased its position in Vipshop by 10,007.7% in the 1st quarter. State of Wyoming now owns 6,570 shares of the technology company's stock valued at $103,000 after buying an additional 6,505 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in 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 buying an additional 3,050 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

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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