Shares of Vipshop Holdings Ltd – (NYSE:VIPS) have been given an average rating of “Buy” by the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $9.52.
A number of brokerages have recently weighed in on VIPS. CICC Research upgraded Vipshop from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 15th. Credit Suisse Group raised Vipshop from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 15th. Bank of America reaffirmed a “hold” rating and set a $9.72 price objective on shares of Vipshop in a research note on Monday, August 19th. Zacks Investment Research raised Vipshop from a “hold” rating to a “strong-buy” rating and set a $9.50 price objective on the stock in a research note on Wednesday, August 21st. Finally, Jefferies Financial Group raised Vipshop from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wetherby Asset Management Inc. boosted its stake in shares of Vipshop by 8.0% during the first quarter. Wetherby Asset Management Inc. now owns 16,268 shares of the technology company’s stock valued at $131,000 after acquiring an additional 1,206 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Vipshop by 9.8% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 19,100 shares of the technology company’s stock worth $165,000 after buying an additional 1,700 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Vipshop by 1.7% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 202,900 shares of the technology company’s stock worth $1,629,000 after buying an additional 3,300 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. acquired a new stake in Vipshop in the 2nd quarter worth about $34,000. Finally, Altshuler Shaham Ltd acquired a new stake in Vipshop in the 2nd quarter worth about $123,000. 44.60% of the stock is currently owned by institutional investors and hedge funds.
Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Wednesday, August 14th. The technology company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $1.46. Vipshop had a return on equity of 14.63% and a net margin of 2.97%. The business had revenue of $21.72 billion during the quarter, compared to analysts’ expectations of $21.60 billion. During the same quarter last year, the business posted $0.84 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Vipshop will post 0.66 EPS for the current fiscal year.
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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