Vipshop (VIPS) Downgraded to “Strong Sell” at ValuEngine

ValuEngine cut shares of Vipshop (NYSE:VIPS) from a sell rating to a strong sell rating in a report released on Tuesday morning.

VIPS has been the subject of a number of other reports. Zacks Investment Research lowered Vipshop from a buy rating to a hold rating in a research report on Thursday, March 8th. Benchmark restated a buy rating and set a $24.00 price objective (up from $12.00) on shares of Vipshop in a research report on Wednesday, February 14th. Macquarie upgraded Vipshop from a neutral rating to an outperform rating and set a $20.00 price objective for the company in a research report on Tuesday, February 13th. KeyCorp lowered Vipshop from an overweight rating to a sector weight rating and set a $20.00 price objective for the company. in a research report on Tuesday, May 15th. Finally, JPMorgan Chase raised their price objective on Vipshop from $22.00 to $23.00 and gave the stock a neutral rating in a research report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $16.69.

Shares of Vipshop opened at $12.12 on Tuesday, according to MarketBeat. Vipshop has a one year low of $7.79 and a one year high of $19.14. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 20.90 and a beta of 2.30.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Monday, May 14th. The technology company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.92. Vipshop had a return on equity of 20.24% and a net margin of 2.51%. The firm had revenue of $19.87 billion during the quarter, compared to analyst estimates of $19.64 billion. During the same period last year, the company posted $1.31 EPS. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. equities analysts predict that Vipshop will post 0.69 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in VIPS. Hsbc Holdings PLC lifted its holdings in shares of Vipshop by 183.4% during the 1st quarter. Hsbc Holdings PLC now owns 10,606,652 shares of the technology company’s stock valued at $176,279,000 after buying an additional 6,864,630 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in shares of Vipshop during the 1st quarter valued at about $113,798,000. Millennium Management LLC lifted its holdings in shares of Vipshop by 466.0% during the 4th quarter. Millennium Management LLC now owns 6,860,781 shares of the technology company’s stock valued at $80,408,000 after buying an additional 5,648,538 shares during the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd lifted its holdings in shares of Vipshop by 157.3% during the 1st quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 6,766,900 shares of the technology company’s stock valued at $112,466,000 after buying an additional 4,137,400 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Vipshop by 19.7% during the 4th quarter. BlackRock Inc. now owns 20,007,313 shares of the technology company’s stock valued at $234,485,000 after buying an additional 3,291,645 shares during the last quarter. Institutional investors and hedge funds own 49.02% of the company’s stock.

Vipshop Company Profile

Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China. It offers a range of branded products, including women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories consisting of belts, fashionable jewelry, watches, and glasses for women and men.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Vipshop (NYSE:VIPS)

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