Vipshop Holdings Limited (NYSE:VIPS) Stock Now Rated "Hold" by Sell-Side Brokerages

Key Points

• Vipshop received a consensus “Hold” rating from 10 covering brokerages, with two sell ratings, four holds, three buys and one strong buy. The average 12-month price target is $17.16.
• Shares opened at $12.48, near the company’s 12-month low of $12.02, and have declined 1.7%; Barclays also cut its price target to $19 from $20, while Zacks downgraded the stock to “strong sell.”
• Vipshop reported quarterly EPS of $0.12, missing the $0.59 consensus estimate, although revenue of $3.64 billion matched expectations. Institutional investors own 48.82% of the company.

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) has received an average recommendation of "Hold" from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $17.16.

A number of brokerages have recently weighed in on VIPS. Weiss Ratings restated a "hold (c-)" rating on shares of Vipshop in a research note on Friday, August 21st. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Monday, August 24th. Morgan Stanley set a $16.00 price target on shares of Vipshop in a research report on Wednesday, August 26th. Barclays lowered their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, August 27th. Finally, Zacks Research cut shares of Vipshop from a "hold" rating to a "strong sell" rating in a research report on Friday, August 28th.

Vipshop Stock Down 1.7%

Shares of VIPS stock opened at $12.48 on Thursday. Vipshop has a 12-month low of $12.02 and a 12-month high of $20.49. The company has a market capitalization of $5.98 billion, a P/E ratio of 4.13, a P/E/G ratio of 1.97 and a beta of 0.57. The firm has a 50-day moving average price of $12.89 and a 200 day moving average price of $14.72.

Vipshop (NYSE:VIPS - Get Free Report) last released its quarterly earnings results 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 net margin of 9.88% and a return on equity of 12.63%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. As a group, research analysts expect that Vipshop will post 1.63 earnings per share for the current year.

Institutional Investors Weigh In On Vipshop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIPS. KBC Group NV grew its holdings in shares of Vipshop by 281.0% in the 1st quarter. KBC Group NV now owns 535,669 shares of the technology company's stock valued at $8,421,000 after buying an additional 395,088 shares during the period. Carmignac Gestion increased its position in shares of Vipshop by 7.7% in the 1st quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company's stock valued at $70,510,000 after buying an additional 319,375 shares in the last quarter. Nykredit A S acquired a new stake in Vipshop during the 2nd quarter worth $2,349,000. Step Capital Management Pte. Ltd. raised its stake in Vipshop by 90.8% during the 2nd quarter. Step Capital Management Pte. Ltd. now owns 252,141 shares of the technology company's stock worth $3,343,000 after buying an additional 120,000 shares during the period. Finally, Wellington Management Group LLP raised its stake in Vipshop by 15.0% during the 2nd quarter. Wellington Management Group LLP now owns 702,863 shares of the technology company's stock worth $9,320,000 after buying an additional 91,892 shares during the period. Institutional investors own 48.82% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.