Vipshop (VIPS) Upgraded to “Outperform” by Macquarie

Vipshop (NYSE:VIPS) was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $20.00 price objective on the technology company’s stock. Macquarie’s price objective indicates a potential upside of 14.35% from the stock’s current price.

Several other brokerages also recently commented on VIPS. Zacks Investment Research upgraded Vipshop from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. KeyCorp set a $17.00 target price on Vipshop and gave the company a “buy” rating in a research note on Tuesday, January 16th. Nomura raised their target price on Vipshop to $19.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Sanford C. Bernstein upgraded Vipshop from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research note on Tuesday, January 16th. Finally, HSBC upgraded Vipshop from a “reduce” rating to a “hold” rating in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Vipshop currently has a consensus rating of “Buy” and a consensus target price of $14.12.

Shares of Vipshop (NYSE VIPS) traded up $1.10 during trading on Tuesday, reaching $17.49. The company’s stock had a trading volume of 32,404,804 shares, compared to its average volume of 14,205,327. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 1.05. Vipshop has a 52-week low of $7.79 and a 52-week high of $17.99. The firm has a market cap of $10,380.00, a P/E ratio of 34.98 and a beta of 2.45.

Vipshop (NYSE:VIPS) last issued its earnings results on Monday, November 20th. The technology company reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. Vipshop had a return on equity of 34.85% and a net margin of 3.00%. analysts forecast that Vipshop will post 0.53 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 1st Global Advisors Inc. lifted its position in Vipshop by 1.5% in the 2nd quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock valued at $113,000 after acquiring an additional 160 shares in the last quarter. Advisors Preferred LLC bought a new position in Vipshop in the 3rd quarter valued at about $117,000. Resources Investment Advisors Inc. lifted its position in shares of Vipshop by 296.6% during the 4th quarter. Resources Investment Advisors Inc. now owns 12,414 shares of the technology company’s stock worth $145,000 after buying an additional 9,284 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Vipshop during the 4th quarter worth approximately $172,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of Vipshop during the 2nd quarter worth approximately $175,000. 51.87% of the stock is currently owned by institutional investors and hedge funds.

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Vipshop 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.

Analyst Recommendations for Vipshop (NYSE:VIPS)

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