Vipshop (NYSE:VIPS) Lifted to “Outperform” at Credit Suisse Group

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Credit Suisse Group upgraded shares of Vipshop (NYSE:VIPS) from a neutral rating to an outperform rating in a research note released on Thursday, Briefing.com Automated Import reports.

Several other analysts have also issued reports on the company. UBS Group lowered Vipshop from a neutral rating to a sell rating in a report on Monday, April 22nd. Daiwa Capital Markets raised Vipshop from an underperform rating to a neutral rating in a report on Friday, May 24th. JPMorgan Chase & Co. raised Vipshop from a neutral rating to an overweight rating and increased their target price for the stock from $6.50 to $11.00 in a report on Tuesday, April 30th. Jefferies Financial Group raised Vipshop from a hold rating to a buy rating in a report on Thursday. Finally, Zacks Investment Research raised Vipshop from a hold rating to a buy rating and set a $8.75 target price on the stock in a report on Saturday, April 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $8.25.

VIPS opened at $7.91 on Thursday. The stock’s fifty day simple moving average is $7.66 and its 200 day simple moving average is $7.74. Vipshop has a 1-year low of $4.30 and a 1-year high of $9.26. The stock has a market cap of $4.74 billion, a PE ratio of 18.40 and a beta of 1.93.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Wednesday, August 14th. The technology company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $1.46. Vipshop had a return on equity of 15.02% and a net margin of 2.97%. The firm had revenue of $21.72 billion for the quarter, compared to analyst estimates of $21.60 billion. During the same period in the prior year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts predict that Vipshop will post 0.57 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Vipshop by 1.0% in the second quarter. BlackRock Inc. now owns 23,182,882 shares of the technology company’s stock valued at $200,067,000 after purchasing an additional 219,305 shares during the last quarter. Morgan Stanley raised its position in Vipshop by 26.0% in the second quarter. Morgan Stanley now owns 18,731,443 shares of the technology company’s stock valued at $161,651,000 after purchasing an additional 3,865,045 shares during the last quarter. Invesco Ltd. raised its position in Vipshop by 30.1% in the second quarter. Invesco Ltd. now owns 17,957,021 shares of the technology company’s stock valued at $154,968,000 after purchasing an additional 4,155,879 shares during the last quarter. Vanguard Group Inc. raised its position in Vipshop by 0.8% in the second quarter. Vanguard Group Inc. now owns 15,485,663 shares of the technology company’s stock valued at $133,642,000 after purchasing an additional 118,223 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Vipshop by 0.8% in the second quarter. Wells Fargo & Company MN now owns 14,897,950 shares of the technology company’s stock valued at $128,570,000 after purchasing an additional 116,984 shares during the last quarter. Institutional investors and hedge funds own 45.80% of the company’s stock.

Vipshop Company Profile

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers 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 casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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Analyst Recommendations for Vipshop (NYSE:VIPS)

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