Vipshop (NYSE:VIPS) was downgraded by analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a report released on Thursday, The Fly reports.
Several other analysts also recently commented on VIPS. Zacks Investment Research raised shares of Vipshop from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a report on Saturday, January 26th. ValuEngine raised shares of Vipshop from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Bank of America downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and set a $6.92 target price for the company. in a report on Tuesday. Finally, Benchmark reduced their target price on shares of Vipshop from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, November 16th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $9.42.
Shares of NYSE:VIPS opened at $7.31 on Thursday. Vipshop has a 12 month low of $4.30 and a 12 month high of $19.14. The company has a current ratio of 1.12, a quick ratio of 0.89 and a debt-to-equity ratio of 0.03. The firm has a market cap of $4.58 billion, a P/E ratio of 12.60 and a beta of 2.06.
Vipshop (NYSE:VIPS) last released its earnings results on Wednesday, February 20th. The technology company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $1.17. The business had revenue of $26.08 billion during the quarter, compared to the consensus estimate of $26.78 billion. Vipshop had a net margin of 2.57% and a return on equity of 13.12%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.41 earnings per share. Research analysts predict that Vipshop will post 0.45 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. Legal & General Group Plc raised its stake in Vipshop by 29.1% in the 4th quarter. Legal & General Group Plc now owns 2,717,545 shares of the technology company’s stock worth $14,838,000 after purchasing an additional 612,069 shares in the last quarter. Stone Ridge Asset Management LLC raised its stake in Vipshop by 125.0% in the 4th quarter. Stone Ridge Asset Management LLC now owns 30,600 shares of the technology company’s stock worth $167,000 after purchasing an additional 17,000 shares in the last quarter. Tairen Capital Ltd acquired a new stake in Vipshop in the 4th quarter worth about $1,331,000. QS Investors LLC raised its stake in Vipshop by 1,441.2% in the 4th quarter. QS Investors LLC now owns 26,200 shares of the technology company’s stock worth $144,000 after purchasing an additional 24,500 shares in the last quarter. Finally, Oasis Management Co Ltd. acquired a new stake in Vipshop in the 4th quarter worth about $4,034,000. Institutional investors and hedge funds own 48.22% of the company’s stock.
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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