Vipshop (NYSE:VIPS) PT Lowered to $20.00

Vipshop (NYSE:VIPS) had its target price lowered by stock analysts at Citigroup from $25.00 to $20.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Citigroup’s price target would indicate a potential upside of 23.15% from the stock’s previous close.

VIPS has been the subject of a number of other reports. Benchmark cut Vipshop from a “buy” rating to a “hold” rating in a report on Thursday. StockNews.com cut Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Finally, HSBC dropped their price objective on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Vipshop presently has an average rating of “Moderate Buy” and a consensus price target of $20.97.

Vipshop Price Performance

Shares of Vipshop stock traded down $0.28 during midday trading on Thursday, hitting $16.24. The company had a trading volume of 4,723,666 shares, compared to its average volume of 3,731,646. Vipshop has a 1-year low of $13.80 and a 1-year high of $20.19. The business’s 50 day simple moving average is $16.44 and its two-hundred day simple moving average is $16.43. The stock has a market cap of $8.81 billion, a PE ratio of 8.00 and a beta of 0.44.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $5.15. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The company had revenue of $34.67 billion during the quarter, compared to analysts’ expectations of $33.18 billion. During the same period last year, the business earned $0.47 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts expect that Vipshop will post 2.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Vipshop

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Vipshop by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock valued at $227,772,000 after purchasing an additional 248,743 shares during the period. Krane Funds Advisors LLC raised its stake in shares of Vipshop by 14.2% during the 3rd quarter. Krane Funds Advisors LLC now owns 13,062,322 shares of the technology company’s stock worth $209,128,000 after purchasing an additional 1,622,703 shares in the last quarter. FIL Ltd raised its stake in shares of Vipshop by 31.2% during the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after purchasing an additional 2,593,670 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Vipshop by 28.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after purchasing an additional 2,273,198 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Vipshop by 0.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,375,051 shares of the technology company’s stock worth $105,507,000 after purchasing an additional 52,842 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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.