StockNews.com Downgrades Vipshop (NYSE:VIPS) to Hold

Vipshop (NYSE:VIPS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

VIPS has been the topic of several other research reports. Morgan Stanley reduced their price target on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from $15.80 to $12.00 in a research note on Wednesday, August 21st. Barclays started coverage on shares of Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective on the stock. Citigroup dropped their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, UBS Group cut Vipshop from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.50.

Vipshop Price Performance

NYSE:VIPS traded up $0.29 during trading hours on Wednesday, reaching $13.55. 2,628,995 shares of the company were exchanged, compared to its average volume of 3,919,271. Vipshop has a 52-week low of $11.50 and a 52-week high of $20.19. The stock has a 50 day simple moving average of $14.64 and a 200 day simple moving average of $14.42. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 6.42, a PEG ratio of 1.56 and a beta of 0.34.

Vipshop (NYSE:VIPS) last issued its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $3.43. The business had revenue of $25.08 billion during the quarter, compared to analysts’ expectations of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, analysts predict that Vipshop will post 1.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VIPS. Atomi Financial Group Inc. grew its position in shares of Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock valued at $174,000 after purchasing an additional 702 shares during the last quarter. Signaturefd LLC increased its position in Vipshop by 5.1% in the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after buying an additional 817 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Vipshop by 2.0% during the third quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock worth $770,000 after buying an additional 954 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Vipshop by 0.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock worth $4,691,000 after acquiring an additional 2,055 shares during the last quarter. Finally, National Pension Service boosted its holdings in Vipshop by 2.0% in the 3rd quarter. National Pension Service now owns 107,152 shares of the technology company’s stock valued at $1,686,000 after purchasing an additional 2,074 shares during the period. 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.