Vipshop (NYSE:VIPS) Sets New 52-Week High at $9.90

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Vipshop Holdings Ltd – (NYSE:VIPS)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $9.90 and last traded at $9.71, with a volume of 261299 shares. The stock had previously closed at $9.76.

VIPS has been the topic of several recent analyst reports. TheStreet upgraded shares of Vipshop from a “c” rating to a “b-” rating in a research note on Tuesday, September 10th. ValuEngine upgraded shares of Vipshop from a “strong sell” rating to a “sell” rating in a research note on Friday, August 16th. Daiwa Capital Markets upgraded shares of Vipshop from a “neutral” rating to a “buy” rating in a research note on Friday, August 16th. Credit Suisse Group raised shares of Vipshop from a “neutral” rating to an “outperform” rating in a report on Thursday, August 15th. Finally, Jefferies Financial Group raised shares of Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. Vipshop currently has a consensus rating of “Hold” and an average price target of $9.58.

The firm has a market cap of $6.52 billion, a P/E ratio of 22.58 and a beta of 1.93. The firm’s fifty day moving average is $9.14 and its 200 day moving average is $8.23.

Vipshop (NYSE:VIPS) last announced its earnings results on Wednesday, August 14th. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate of $0.12 by $1.46. The business had revenue of $21.72 billion during the quarter, compared to the consensus estimate of $21.60 billion. Vipshop had a net margin of 2.97% and a return on equity of 14.63%. Vipshop’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 EPS. As a group, equities analysts forecast that Vipshop Holdings Ltd – will post 0.66 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in VIPS. Ladenburg Thalmann Financial Services Inc. bought a new stake in Vipshop in the 2nd quarter valued at about $34,000. Altshuler Shaham Ltd bought a new stake in Vipshop in the 2nd quarter valued at about $123,000. Advisor Group Inc. boosted its holdings in Vipshop by 390.3% in the 2nd quarter. Advisor Group Inc. now owns 7,208 shares of the technology company’s stock valued at $63,000 after purchasing an additional 5,738 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Vipshop in the 2nd quarter valued at about $88,000. Finally, Ellington Management Group LLC bought a new stake in Vipshop in the 2nd quarter valued at about $88,000. 45.00% of the stock is owned by institutional investors and hedge funds.

About Vipshop (NYSE:VIPS)

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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