Barclays Cuts Vipshop (NYSE:VIPS) Price Target to $19.00

Vipshop (NYSE:VIPS - Free Report) had its price objective trimmed by Barclays from $20.00 to $19.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the technology company's stock.

A number of other analysts also recently weighed in on the stock. Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Tuesday, April 1st. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Vipshop presently has a consensus rating of "Hold" and a consensus target price of $15.10.

Vipshop Price Performance

Shares of NYSE VIPS traded down $0.11 during trading hours on Thursday, hitting $14.26. 2,523,779 shares of the stock were exchanged, compared to its average volume of 3,833,152. The company's 50 day moving average is $14.18 and its 200 day moving average is $14.30. The firm has a market capitalization of $7.32 billion, a P/E ratio of 6.83, a P/E/G ratio of 1.52 and a beta of 0.60. Vipshop has a one year low of $11.50 and a one year high of $17.94.

Vipshop (NYSE:VIPS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $3.82 billion. Research analysts anticipate that Vipshop will post 1.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vipshop

Hedge funds have recently made changes to their positions in the business. Wayfinding Financial LLC acquired a new position in shares of Vipshop in the 1st quarter valued at $35,000. Brooklyn Investment Group increased its position in shares of Vipshop by 1,695.2% during the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock worth $41,000 after purchasing an additional 2,475 shares in the last quarter. Atlas Capital Advisors Inc. increased its position in shares of Vipshop by 41.5% during the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock worth $56,000 after purchasing an additional 1,046 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Vipshop during the 1st quarter worth about $62,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Vipshop during the 1st quarter worth about $86,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.