Vipshop Holdings Ltd. (VIPS) Rating Lowered to Sell at Zacks Investment Research
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. “
Other equities research analysts have also issued reports about the stock. Jefferies Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Vipshop Holdings in a research note on Tuesday, August 16th. Bank of America Corp. raised shares of Vipshop Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 16th. Stifel Nicolaus upped their price objective on shares of Vipshop Holdings from $18.00 to $21.50 and gave the company a “buy” rating in a research note on Tuesday, August 16th. TheStreet raised shares of Vipshop Holdings to a “buy” rating in a research note on Friday, August 12th. Finally, Goldman Sachs Group Inc. began coverage on shares of Vipshop Holdings in a research note on Monday, July 25th. They issued a “buy” rating and a $14.30 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.51.
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Shares of Vipshop Holdings (NYSE:VIPS) opened at 14.25 on Wednesday. The company’s 50 day moving average is $14.50 and its 200-day moving average is $13.31. Vipshop Holdings has a one year low of $10.21 and a one year high of $22.31. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 32.46 and a beta of 1.78.
Vipshop Holdings (NYSE:VIPS) last announced its quarterly earnings results on Monday, August 15th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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 earned $2.02 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company posted $0.14 EPS. Equities analysts expect that Vipshop Holdings will post $0.70 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new stake in shares of Vipshop Holdings during the first quarter valued at approximately $34,494,000. BlackRock Institutional Trust Company N.A. increased its stake in shares of Vipshop Holdings by 5.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,379,643 shares of the company’s stock valued at $30,650,000 after buying an additional 120,811 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Vipshop Holdings by 124.8% in the second quarter. Gulf International Bank UK Ltd now owns 107,720 shares of the company’s stock valued at $1,203,000 after buying an additional 59,800 shares in the last quarter. Comgest Global Investors S.A.S. increased its stake in shares of Vipshop Holdings by 49.6% in the second quarter. Comgest Global Investors S.A.S. now owns 8,712,703 shares of the company’s stock valued at $97,321,000 after buying an additional 2,887,900 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Vipshop Holdings by 2.3% in the first quarter. Legal & General Group Plc now owns 342,800 shares of the company’s stock valued at $4,416,000 after buying an additional 7,600 shares in the last quarter. Institutional investors own 74.71% of the company’s stock.
About Vipshop Holdings
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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