Vipshop (NYSE:VIPS) Rating Lowered to Strong Sell at ValuEngine

ValuEngine cut shares of Vipshop (NYSE:VIPS) from a sell rating to a strong sell rating in a report published on Thursday morning, ValuEngine reports.

VIPS has been the topic of several other research reports. Credit Suisse Group upgraded Vipshop from an underperform rating to a neutral rating in a research note on Thursday, May 23rd. Zacks Investment Research upgraded Zymeworks from a hold rating to a buy rating and set a $19.00 price target on the stock in a research note on Saturday, April 27th. Daiwa Capital Markets upgraded Vipshop from an underperform rating to a neutral rating in a research note on Friday, May 24th. JPMorgan Chase & Co. boosted their price target on Weight Watchers International from $12.00 to $14.00 and gave the company an underweight rating in a research note on Tuesday, April 30th. Finally, UBS Group downgraded BHP Group from a buy rating to a neutral rating in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Vipshop currently has an average rating of Hold and an average target price of $8.15.

Vipshop stock opened at $7.73 on Thursday. The company’s 50-day moving average price is $7.96. The stock has a market cap of $5.07 billion, a P/E ratio of 17.98 and a beta of 1.89. Vipshop has a fifty-two week low of $4.30 and a fifty-two week high of $10.39.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, May 22nd. The technology company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $21.30 billion for the quarter, compared to the consensus estimate of $20.55 billion. Vipshop had a return on equity of 12.56% and a net margin of 2.89%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. As a group, research analysts predict that Vipshop will post 0.58 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Segantii Capital Management Ltd purchased a new stake in shares of Vipshop in the first quarter worth about $588,000. Korea Investment CORP boosted its stake in shares of Vipshop by 14.1% in the fourth quarter. Korea Investment CORP now owns 251,700 shares of the technology company’s stock worth $1,374,000 after buying an additional 31,100 shares during the last quarter. Comerica Bank boosted its stake in shares of Vipshop by 13.9% in the first quarter. Comerica Bank now owns 38,272 shares of the technology company’s stock worth $308,000 after buying an additional 4,675 shares during the last quarter. Tairen Capital Ltd purchased a new stake in shares of Vipshop in the fourth quarter worth about $1,331,000. Finally, KEYWISE CAPITAL MANAGEMENT Ltd boosted its stake in shares of Vipshop by 23.1% in the first quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 7,315,800 shares of the technology company’s stock worth $58,746,000 after buying an additional 1,371,500 shares during the last quarter. Hedge funds and other institutional investors own 46.06% 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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