Vipshop (VIPS) Price Target Cut to $5.50 by Analysts at UBS Group

Vipshop (NYSE:VIPS) had its price target reduced by UBS Group from $8.00 to $5.50 in a research report report published on Friday morning, www.stocktargetadvisor.com reports. They currently have a neutral rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the company. Benchmark decreased their price objective on Vipshop to $12.00 and set a buy rating for the company in a report on Wednesday, August 15th. ValuEngine raised Vipshop from a sell rating to a hold rating in a report on Thursday, August 2nd. Zacks Investment Research raised Vipshop from a sell rating to a hold rating in a report on Wednesday, June 20th. Goldman Sachs Group lowered Vipshop from a buy rating to a neutral rating and set a $14.30 price objective for the company. in a report on Wednesday, July 11th. Finally, JPMorgan Chase & Co. lowered Vipshop from an overweight rating to a neutral rating and set a $6.00 price objective for the company. in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $12.94.

Shares of NYSE VIPS traded up $0.35 during mid-day trading on Friday, reaching $5.41. 8,786,338 shares of the company’s stock were exchanged, compared to its average volume of 9,826,168. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 9.33 and a beta of 1.66. Vipshop has a 52 week low of $4.86 and a 52 week high of $19.14.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Monday, August 13th. The technology company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.73. Vipshop had a return on equity of 15.75% and a net margin of 2.78%. The company had revenue of $20.74 billion during the quarter, compared to analyst estimates of $21.23 billion. During the same quarter last year, the firm posted $1.18 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. Equities research analysts forecast that Vipshop will post 0.4 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Levin Capital Strategies L.P. purchased a new position in shares of Vipshop during the second quarter worth about $108,000. Greenleaf Trust purchased a new position in shares of Vipshop during the second quarter worth about $122,000. Bridgewater Associates LP purchased a new position in shares of Vipshop during the second quarter worth about $137,000. Wexford Capital LP purchased a new position in shares of Vipshop during the first quarter worth about $181,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Vipshop during the second quarter worth about $183,000. 50.06% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Vipshop (NYSE:VIPS)

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