Vipshop (NYSE:VIPS) Downgraded by ValuEngine to “Strong Sell”

ValuEngine lowered shares of Vipshop (NYSE:VIPS) from a sell rating to a strong sell rating in a report issued on Tuesday, May 22nd.

A number of other brokerages also recently issued reports on VIPS. Zacks Investment Research downgraded Vipshop from a buy rating to a hold rating in a research report on Saturday, February 24th. KeyCorp set a $20.00 price target on Vipshop and gave the stock a buy rating in a research report on Tuesday, February 13th. Benchmark restated a buy rating and issued a $24.00 target price (up previously 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 target price on the stock in a research report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. raised their target price on Vipshop from $22.00 to $23.00 and gave the company a neutral rating in a research report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Vipshop currently has a consensus rating of Hold and a consensus target price of $16.69.

Vipshop traded down $0.14, reaching $11.11, during mid-day trading on Tuesday, Marketbeat reports. 13,174,100 shares of the company’s stock were exchanged, compared to its average volume of 11,203,814. The company has a market capitalization of $7.72 billion, a P/E ratio of 19.16 and a beta of 2.23. Vipshop has a 12-month low of $7.79 and a 12-month high of $19.14.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Monday, May 14th. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.92. The company had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $19.64 billion. Vipshop had a return on equity of 20.24% and a net margin of 2.51%. Vipshop’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 earnings per share. equities research analysts anticipate that Vipshop will post 0.49 EPS for the current year.

Several large investors have recently bought and sold shares of the stock. Resources Investment Advisors Inc. lifted its holdings in Vipshop by 296.6% during the 4th quarter. Resources Investment Advisors Inc. now owns 12,414 shares of the technology company’s stock worth $145,000 after buying an additional 9,284 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in Vipshop in the 4th quarter valued at about $159,000. Steward Partners Investment Advisory LLC acquired a new position in Vipshop in the 4th quarter valued at about $172,000. Wexford Capital LP acquired a new position in Vipshop in the 1st quarter valued at about $181,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in Vipshop during the 1st quarter worth approximately $205,000. 49.04% of the stock is owned by hedge funds and other institutional investors.

Vipshop Company Profile

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers 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 that include belts, 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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