Analysts Set Vipshop Holdings Ltd – (VIPS) Target Price at $17.74

Shares of Vipshop Holdings Ltd – (NYSE:VIPS) have earned an average rating of “Buy” from the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $17.80.

VIPS has been the topic of a number of recent analyst reports. Daiwa Capital Markets upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. HSBC upgraded Vipshop from a “reduce” rating to a “hold” rating in a research note on Wednesday, January 3rd. Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 10th. Sanford C. Bernstein upgraded Vipshop from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research note on Tuesday, January 16th. Finally, KeyCorp set a $17.00 price objective on Vipshop and gave the stock a “buy” rating in a research note on Tuesday, January 16th.

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Institutional investors and hedge funds have recently modified their holdings of the stock. Resources Investment Advisors Inc. increased its stake in Vipshop by 296.6% during the fourth quarter. Resources Investment Advisors Inc. now owns 12,414 shares of the technology company’s stock valued at $145,000 after acquiring an additional 9,284 shares during the period. Stone Ridge Asset Management LLC bought a new position in Vipshop during the fourth quarter valued at about $159,000. Steward Partners Investment Advisory LLC bought a new position in Vipshop during the fourth quarter valued at about $172,000. Fox Run Management L.L.C. bought a new position in Vipshop during the fourth quarter valued at about $232,000. Finally, Capital Fund Management S.A. bought a new position in Vipshop during the fourth quarter valued at about $290,000. Hedge funds and other institutional investors own 47.95% of the company’s stock.

Shares of VIPS stock traded up $0.90 during trading hours on Wednesday, hitting $17.90. The company’s stock had a trading volume of 6,812,252 shares, compared to its average volume of 12,551,787. Vipshop has a 12 month low of $7.79 and a 12 month high of $19.14. The firm has a market capitalization of $11,154.21, a PE ratio of 37.77 and a beta of 2.31. The company has a quick ratio of 0.98, a current ratio of 1.35 and a debt-to-equity ratio of 0.29.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Vipshop had a return on equity of 25.75% and a net margin of 2.67%. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.60 billion. equities analysts forecast that Vipshop will post 0.64 earnings per share for the current fiscal year.

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About Vipshop

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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