Vipshop (NYSE:VIPS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm presently has a $21.00 price objective on the technology company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 15.51% from the company’s current price.
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. “
VIPS has been the topic of a number of other research reports. Benchmark restated a “buy” rating and set a $24.00 price target (up previously from $12.00) on shares of Vipshop in a report on Wednesday, February 14th. Macquarie upgraded shares of Vipshop from a “neutral” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Tuesday, February 13th. JPMorgan Chase & Co. cut their price target on shares of Vipshop from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, November 22nd. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating in a report on Wednesday, January 10th. Finally, KeyCorp set a $17.00 price target on shares of Vipshop and gave the company a “buy” rating in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $17.19.
Vipshop (NYSE:VIPS) last released its earnings results on Monday, February 12th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Vipshop had a net margin of 2.67% and a return on equity of 25.75%. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.60 billion. analysts forecast that Vipshop will post 0.64 EPS for the current year.
A number of hedge funds have recently bought and sold shares of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Vipshop by 38.1% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 128,600 shares of the technology company’s stock worth $1,507,000 after acquiring an additional 35,500 shares in the last quarter. Millennium Management LLC grew its position in Vipshop by 466.0% in the fourth quarter. Millennium Management LLC now owns 6,860,781 shares of the technology company’s stock worth $80,408,000 after acquiring an additional 5,648,538 shares in the last quarter. Paloma Partners Management Co bought a new stake in Vipshop in the fourth quarter worth approximately $356,000. Elephas Investment Management Ltd bought a new stake in Vipshop in the fourth quarter worth approximately $6,657,000. Finally, Stone Ridge Asset Management LLC bought a new stake in Vipshop in the fourth quarter worth approximately $159,000. 47.96% of the stock is owned by institutional investors.
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.
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