Vipshop (NYSE:VIPS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Vipshop (NYSE:VIPS) from a hold rating to a buy rating in a research report report published on Friday.

Several other research firms have also recently issued reports on VIPS. Barclays assumed coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective for the company. Benchmark restated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Finally, Citigroup lowered their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.50.

Vipshop Stock Up 0.9 %

VIPS stock opened at $14.66 on Friday. The stock has a market cap of $7.53 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30. The firm’s 50-day simple moving average is $13.98 and its 200 day simple moving average is $13.98. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Vipshop had a net margin of 7.50% and a return on equity of 20.89%. Equities analysts forecast that Vipshop will post 1.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VIPS. Venturi Wealth Management LLC acquired a new stake in shares of Vipshop during the 3rd quarter valued at about $56,000. Blue Trust Inc. raised its position in Vipshop by 140.6% during the third quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock valued at $133,000 after acquiring an additional 4,958 shares in the last quarter. Jump Financial LLC acquired a new stake in Vipshop in the fourth quarter valued at approximately $161,000. Atomi Financial Group Inc. grew its position in Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after acquiring an additional 1,191 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new position in shares of Vipshop during the 4th quarter worth $165,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

About Vipshop

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.