Vipshop (VIPS) Downgraded by ValuEngine to Strong Sell

Vipshop (NYSE:VIPS) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts have also issued reports on the company. CLSA lowered Vipshop from a “buy” rating to an “underperform” rating in a research note on Tuesday. Zacks Investment Research lowered Vipshop from a “buy” rating to a “hold” rating in a research note on Friday, April 20th. KeyCorp set a $20.00 price target on Vipshop and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Benchmark reissued 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. Finally, JPMorgan Chase raised their price target on Vipshop from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Vipshop has an average rating of “Hold” and a consensus target price of $16.72.

Shares of VIPS stock opened at $12.15 on Wednesday. Vipshop has a 52-week low of $12.05 and a 52-week high of $12.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.35 and a quick ratio of 0.98. The company has a market cap of $7.93 billion, a P/E ratio of 20.95 and a beta of 2.30.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Monday, February 12th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.04. Vipshop had a return on equity of 23.48% and a net margin of 2.51%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.60 billion. research analysts expect that Vipshop will post 0.69 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of VIPS. Hsbc Holdings PLC raised its position in Vipshop by 183.4% during the 1st quarter. Hsbc Holdings PLC now owns 10,606,652 shares of the technology company’s stock valued at $176,279,000 after purchasing an additional 6,864,630 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Vipshop during the 1st quarter valued at $113,798,000. Millennium Management LLC raised its position in Vipshop by 466.0% during the 4th quarter. Millennium Management LLC now owns 6,860,781 shares of the technology company’s stock valued at $80,408,000 after purchasing an additional 5,648,538 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd raised its position in Vipshop by 157.3% during the 1st quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 6,766,900 shares of the technology company’s stock valued at $112,466,000 after purchasing an additional 4,137,400 shares in the last quarter. Finally, BlackRock Inc. raised its position in Vipshop by 19.7% during the 4th quarter. BlackRock Inc. now owns 20,007,313 shares of the technology company’s stock valued at $234,485,000 after purchasing an additional 3,291,645 shares in the last quarter. 48.32% of the stock is owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Vipshop (NYSE:VIPS)

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