Vipshop Holdings Ltd – (VIPS) Upgraded at Zacks Investment Research
Vipshop Holdings Ltd – (NYSE:VIPS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “Vipshop Holdings Ltd. is an online discount retailer for brands. The Company offers branded products to consumers in China through flash sales on its vipshop.com website. It offers a wide selection of various famous branded discount products including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products, through its website. Vipshop Holdings Ltd. is headquartered in Guangzhou. “
A number of other analysts have also commented on the company. TheStreet upgraded Vipshop Holdings Ltd – to a “buy” rating in a report on Friday, August 12th. Bank of America Corp. upgraded Vipshop Holdings Ltd – from a “neutral” rating to a “buy” rating in a report on Tuesday, August 16th. Goldman Sachs Group Inc. started coverage on Vipshop Holdings Ltd – in a report on Monday, July 25th. They set a “buy” rating and a $14.30 price objective on the stock. Brean Capital reiterated a “buy” rating on shares of Vipshop Holdings Ltd – in a report on Tuesday, June 7th. Finally, Stifel Nicolaus lifted their price objective on Vipshop Holdings Ltd – from $18.00 to $21.50 and gave the company a “buy” rating in a report on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.95.
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Vipshop Holdings Ltd – (NYSE:VIPS) opened at 13.96 on Thursday. The company has a 50-day moving average price of $14.51 and a 200-day moving average price of $12.95. Vipshop Holdings Ltd – has a 12-month low of $10.21 and a 12-month high of $22.31. The firm has a market cap of $8.09 billion, a P/E ratio of 31.80 and a beta of 1.68.
Vipshop Holdings Ltd – (NYSE:VIPS) last announced its quarterly earnings data on Monday, August 15th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The firm earned $2.02 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the business earned $0.14 earnings per share. On average, analysts predict that Vipshop Holdings Ltd – will post $0.70 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in VIPS. Sei Investments Co. increased its stake in shares of Vipshop Holdings Ltd – by 118.5% in the second quarter. Sei Investments Co. now owns 9,268 shares of the company’s stock valued at $103,000 after buying an additional 5,027 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Vipshop Holdings Ltd – by 239.8% in the second quarter. Tower Research Capital LLC TRC now owns 10,178 shares of the company’s stock valued at $114,000 after buying an additional 7,183 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Vipshop Holdings Ltd – during the second quarter valued at $121,000. Capstone Asset Management Co. acquired a new stake in shares of Vipshop Holdings Ltd – during the second quarter valued at $131,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Vipshop Holdings Ltd – during the second quarter valued at $140,000.
About Vipshop Holdings Ltd –
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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