Vipshop (NYSE:VIPS) Coverage Initiated at Barclays

Equities researchers at Barclays assumed coverage on shares of Vipshop (NYSE:VIPS) in a report issued on Wednesday, Briefing.com reports. The brokerage set an “overweight” rating and a $19.00 price target on the technology company’s stock. Barclays‘s target price indicates a potential upside of 30.32% from the company’s previous close.

A number of other equities analysts also recently weighed in on VIPS. CLSA downgraded shares of Vipshop from an “outperform” rating to a “hold” rating and lowered their target price for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Morgan Stanley lowered their price objective on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and cut their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Finally, Citigroup upped their price objective on Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Five 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, the stock currently has a consensus rating of “Hold” and an average target price of $17.64.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $14.58 on Wednesday. The stock has a market capitalization of $7.91 billion, a PE ratio of 6.91, a price-to-earnings-growth ratio of 1.64 and a beta of 0.34. The company’s 50-day moving average price is $14.33 and its two-hundred day moving average price is $14.55. Vipshop has a one year low of $11.50 and a one year high of $20.19.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, beating the consensus estimate of $0.48 by $3.43. The firm 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 business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. On average, analysts anticipate that Vipshop will post 1.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vipshop

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. grew its position in shares of Vipshop by 1,904.0% in the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after purchasing an additional 3,351 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Vipshop during the 3rd quarter worth approximately $56,000. Employees Retirement System of Texas boosted its stake in Vipshop by 143.2% in the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,717 shares during the period. National Bank of Canada FI acquired a new position in Vipshop in the 2nd quarter valued at $136,000. Finally, Atomi Financial Group Inc. increased its position in Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after buying an additional 702 shares during the period. 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.