Vipshop (VIPS) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research report report published on Friday morning.

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 analysts also recently weighed in on the stock. KeyCorp set a $20.00 target price on shares of Vipshop and gave the stock a buy rating in a report on Tuesday, February 13th. Benchmark reaffirmed a buy rating and set a $24.00 price target (up from $12.00) on shares of Vipshop in a research note on Wednesday, February 14th. JPMorgan Chase lifted their price target on shares of Vipshop from $22.00 to $23.00 and gave the stock a neutral rating in a research note on Wednesday, February 14th. HSBC raised shares of Vipshop from a hold rating to a buy rating and set a $20.00 price target for the company in a research note on Wednesday, February 14th. Finally, Macquarie raised shares of Vipshop from a neutral rating to an outperform rating and set a $20.00 price target for the company in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $17.20.

Shares of Vipshop stock traded down $0.38 during trading hours on Friday, reaching $15.70. The company’s stock had a trading volume of 4,833,334 shares, compared to its average volume of 6,698,826. Vipshop has a one year low of $7.79 and a one year high of $19.14. The company has a quick ratio of 0.98, a current ratio of 1.35 and a debt-to-equity ratio of 0.29. The company has a market cap of $10,550.57, a PE ratio of 27.07 and a beta of 2.27.

Vipshop (NYSE:VIPS) last posted its 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 net margin of 2.67% and a return on equity of 25.75%. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.60 billion. sell-side analysts expect that Vipshop will post 0.64 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE boosted its position in Vipshop by 28.7% in the 4th quarter. US Bancorp DE now owns 34,731 shares of the technology company’s stock valued at $407,000 after buying an additional 7,752 shares during the period. First Republic Investment Management Inc. boosted its position in Vipshop by 14.1% in the 4th quarter. First Republic Investment Management Inc. now owns 43,746 shares of the technology company’s stock valued at $513,000 after buying an additional 5,391 shares during the period. AO Asset Management LP purchased a new stake in Vipshop in the 4th quarter valued at about $4,313,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in Vipshop in the 4th quarter valued at about $299,000. Finally, Schwab Charles Investment Management Inc. boosted its position in Vipshop by 59.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 136,599 shares of the technology company’s stock valued at $1,601,000 after buying an additional 51,069 shares during the period. 47.97% of the stock is owned by institutional investors.

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Vipshop Company Profile

Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China. It offers a range of branded products, including women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories consisting of belts, fashionable jewelry, watches, and glasses for women and men.

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