Vipshop Holdings Ltd. (VIPS) Downgraded by Zacks Investment Research to Sell
Vipshop Holdings Ltd. (NYSE:VIPS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
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 equities research analysts have also recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Vipshop Holdings from $18.00 to $21.50 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Bank of America Corp. raised shares of Vipshop Holdings from a “neutral” rating to a “buy” rating in a report on Tuesday, August 16th. Nomura lifted their price target on shares of Vipshop Holdings from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Goldman Sachs Group Inc. assumed coverage on shares of Vipshop Holdings in a report on Monday, July 25th. They issued a “buy” rating and a $14.30 price target on the stock. Finally, Deutsche Bank AG cut shares of Vipshop Holdings from a “buy” rating to a “hold” rating and lifted their price target for the stock from $16.60 to $16.90 in a report on Wednesday, August 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. Vipshop Holdings has an average rating of “Hold” and an average price target of $16.51.
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Shares of Vipshop Holdings (NYSE:VIPS) opened at 14.25 on Wednesday. The company has a market capitalization of $8.26 billion, a PE ratio of 32.46 and a beta of 1.78. The firm’s 50-day moving average price is $14.50 and its 200 day moving average price is $13.31. Vipshop Holdings has a 1-year low of $10.21 and a 1-year high of $22.31.
Vipshop Holdings (NYSE:VIPS) last posted its earnings results on Monday, August 15th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Vipshop Holdings had a net margin of 3.63% and a return on equity of 51.84%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the firm earned $0.14 EPS. Equities analysts predict that Vipshop Holdings will post $0.70 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. raised its position in shares of Vipshop Holdings 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 during the period. Tower Research Capital LLC TRC raised its position in shares of Vipshop Holdings 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 during the period. CIBC Asset Management Inc bought a new position in shares of Vipshop Holdings during the second quarter valued at about $121,000. Capstone Asset Management Co. bought a new position in shares of Vipshop Holdings during the second quarter valued at about $131,000. Finally, Parametrica Management Ltd bought a new position in shares of Vipshop Holdings during the second quarter valued at about $140,000. Institutional investors own 74.71% of the company’s stock.
Vipshop Holdings Company Profile
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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