Vipshop (NYSE:VIPS) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Vipshop from “strong sell” to “hold,” while the broader analyst consensus remains “Hold” with an average price target of $17.16.
• Vipshop shares opened at $12.89, up 1.2%, with a $6.17 billion market capitalization and a 12-month trading range of $12.02 to $20.49.
• 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 the stock.

Vipshop (NYSE:VIPS - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Thursday, Zacks reports.

A number of other research firms have also commented on VIPS. JPMorgan Chase & Co. reduced their price objective on shares of Vipshop from $21.00 to $17.00 and set an "overweight" rating on the stock in a research note on Thursday, September 10th. Nomura downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $14.00 target price for the company. in a research note on Thursday, August 27th. Barclays dropped their target price on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, August 27th. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Monday, August 24th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Vipshop in a report on Friday, August 21st. One investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $17.16.

Vipshop Trading Up 1.2%

NYSE VIPS opened at $12.89 on Thursday. The firm has a market capitalization of $6.17 billion, a PE ratio of 4.27, a price-to-earnings-growth ratio of 2.00 and a beta of 0.57. The business's 50-day moving average price is $12.83 and its two-hundred day moving average price is $14.66. Vipshop has a 12 month low of $12.02 and a 12 month high of $20.49.

Vipshop (NYSE:VIPS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. 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 12.63% and a net margin of 9.88%. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. As a group, analysts forecast that Vipshop will post 1.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Carmignac Gestion raised its position in shares of Vipshop by 9.8% during the second quarter. Carmignac Gestion now owns 4,920,324 shares of the technology company's stock worth $65,166,000 after purchasing an additional 439,795 shares during the period. Hsbc Holdings PLC grew its position in Vipshop by 0.4% in the 1st quarter. Hsbc Holdings PLC now owns 2,327,725 shares of the technology company's stock valued at $36,592,000 after purchasing an additional 9,395 shares during the period. Lazard Asset Management LLC grew its position in Vipshop by 0.9% in the 1st quarter. Lazard Asset Management LLC now owns 970,371 shares of the technology company's stock valued at $15,254,000 after purchasing an additional 8,470 shares during the period. Wellington Management Group LLP grew its position in Vipshop by 15.0% in the 2nd quarter. Wellington Management Group LLP now owns 702,863 shares of the technology company's stock valued at $9,320,000 after purchasing an additional 91,892 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Vipshop during the 2nd quarter valued at $7,947,000. 48.82% of the stock is owned by institutional investors.

Vipshop Company Profile

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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