Vipshop Holdings Limited (NYSE:VIPS) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Vipshop has a consensus “Hold” rating from 10 analysts: two sell, four hold, three buy and one strong buy. The average 12-month price target is $17.16.
• Recent analyst actions have generally been cautious, including Citigroup cutting its target to $13 and Zacks Research downgrading the stock to “strong sell.”
• VIPS opened at $12.31, near its 52-week low of $12.02, after the company reported quarterly EPS of $0.12—well below the $0.59 consensus—while revenue matched estimates at $3.64 billion.

Shares of Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $17.16.

A number of brokerages have weighed in on VIPS. Morgan Stanley set a $16.00 price target on shares of Vipshop in a report on Wednesday, August 26th. Nomura reiterated a "neutral" rating and issued a $14.00 target price on shares of Vipshop in a report on Thursday, August 27th. Citigroup cut their target price on shares of Vipshop from $15.30 to $13.00 and set a "neutral" rating for the company in a research note on Tuesday, September 29th. Weiss Ratings restated a "hold (c-)" rating on shares of Vipshop in a report on Friday, August 21st. Finally, Zacks Research lowered shares of Vipshop from a "hold" rating to a "strong sell" rating in a research report on Friday, August 28th.

Institutional Investors Weigh In On Vipshop

Several hedge funds have recently modified their holdings of the stock. Carmignac Gestion raised its stake in shares of Vipshop by 7.7% during the 1st quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company's stock worth $70,510,000 after purchasing an additional 319,375 shares in the last quarter. Hsbc Holdings PLC grew its holdings 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 buying an additional 9,395 shares during the last quarter. Norges Bank acquired a new stake in Vipshop in the 4th quarter valued at approximately $27,631,000. SG Americas Securities LLC increased its position in Vipshop by 44.1% in the 1st quarter. SG Americas Securities LLC now owns 1,344,090 shares of the technology company's stock worth $21,129,000 after buying an additional 411,123 shares during the period. Finally, Polymer Capital Management HK LTD increased its position in Vipshop by 59.4% in the 4th quarter. Polymer Capital Management HK LTD now owns 932,407 shares of the technology company's stock worth $16,494,000 after buying an additional 347,307 shares during the period. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Trading Down 1.0%

Shares of NYSE:VIPS opened at $12.31 on Friday. The firm's 50 day moving average is $13.65 and its two-hundred day moving average is $14.16. Vipshop has a 52 week low of $12.02 and a 52 week high of $20.62. The firm has a market capitalization of $5.90 billion, a P/E ratio of 4.08, a PEG ratio of 1.89 and a beta of 0.57.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.47). Vipshop had a return on equity of 12.63% and a net margin of 9.88%.The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. Analysts predict that Vipshop will post 1.68 EPS for the current year.

About Vipshop

Vipshop Holdings Limited NYSE: VIPS is a China-based online discount retailer specializing in branded products offered through limited-time promotional events. The company operates the Vipshop platform, which connects consumers with discounted apparel, footwear, beauty products, household goods, consumer electronics and other merchandise from domestic and international brands.

Founded in 2008, Vipshop built its business around the “flash sale” model, offering select products for a limited period and helping brands manage excess inventory and reach price-conscious consumers.

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