Vipshop Holdings Limited (VIPS) Downgraded by Zacks Investment Research
Vipshop Holdings Limited (NYSE:VIPS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
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 research analysts have also recently commented on VIPS. TheStreet raised Vipshop Holdings Limited from a “c+” rating to a “b” rating in a research report on Thursday, May 11th. Stifel Nicolaus upped their price target on Vipshop Holdings Limited from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 16th. J P Morgan Chase & Co raised Vipshop Holdings Limited from a “neutral” rating to an “overweight” rating and set a $18.00 price target on the stock in a research report on Tuesday, May 16th. Nomura reaffirmed a “neutral” rating and set a $16.80 price target (up previously from $16.40) on shares of Vipshop Holdings Limited in a research report on Tuesday, May 16th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $17.00 price target on shares of Vipshop Holdings Limited in a research report on Friday, May 19th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.04.
Vipshop Holdings Limited (NYSE VIPS) traded down 1.72% on Friday, reaching $9.15. The company’s stock had a trading volume of 1,948,877 shares. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 18.12 and a beta of 1.90. Vipshop Holdings Limited has a 12 month low of $9.00 and a 12 month high of $16.24. The firm has a 50 day moving average of $10.99 and a 200 day moving average of $12.45.
Vipshop Holdings Limited (NYSE:VIPS) last posted its quarterly earnings data on Wednesday, August 16th. The technology company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Vipshop Holdings Limited had a return on equity of 40.08% and a net margin of 3.17%. The business had revenue of $17.52 billion during the quarter, compared to analysts’ expectations of $17.30 billion. During the same period in the prior year, the firm posted $0.17 EPS. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. Analysts anticipate that Vipshop Holdings Limited will post $0.75 earnings per share for the current year.
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Hedge funds have recently added to or reduced their stakes in the stock. Murphy Capital Management Inc. bought a new stake in Vipshop Holdings Limited during the second quarter worth about $111,000. 1st Global Advisors Inc. raised its stake in Vipshop Holdings Limited by 1.5% in the second quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock worth $113,000 after buying an additional 160 shares during the last quarter. FNY Partners Fund LP raised its stake in Vipshop Holdings Limited by 71.9% in the second quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock worth $116,000 after buying an additional 4,600 shares during the last quarter. Koch Industries Inc. bought a new stake in Vipshop Holdings Limited during the first quarter worth about $151,000. Finally, United Capital Financial Advisers LLC bought a new stake in Vipshop Holdings Limited during the first quarter worth about $152,000. Institutional investors own 56.43% of the company’s stock.
Vipshop Holdings Limited 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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