Vipshop (NYSE:VIPS) was upgraded by equities researchers at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report issued on Thursday, The Fly reports.
Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. raised shares of Vipshop from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $6.50 to $11.00 in a research report on Tuesday, April 30th. Daiwa Capital Markets raised shares of Vipshop from an “underperform” rating to a “neutral” rating in a report on Friday, May 24th. ValuEngine downgraded shares of Vipshop from a “sell” rating to a “strong sell” rating in a report on Thursday, July 11th. Finally, Zacks Investment Research raised shares of Vipshop from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a report on Saturday, April 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.11.
Vipshop stock traded up $0.95 during midday trading on Thursday, reaching $7.21. The company’s stock had a trading volume of 19,053,791 shares, compared to its average volume of 5,381,571. Vipshop has a fifty-two week low of $4.30 and a fifty-two week high of $9.26. The stock has a market cap of $4.17 billion, a P/E ratio of 16.77 and a beta of 1.93. The stock’s 50-day moving average is $7.70.
Vipshop (NYSE:VIPS) last posted its earnings results on Wednesday, August 14th. The technology company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $1.46. The business had revenue of $21.72 billion for the quarter, compared to analysts’ expectations of $21.60 billion. Vipshop had a return on equity of 12.56% and a net margin of 2.89%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. As a group, sell-side analysts predict that Vipshop will post 0.57 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its position in shares of Vipshop by 390.3% during the second quarter. Advisor Group Inc. now owns 7,208 shares of the technology company’s stock valued at $63,000 after buying an additional 5,738 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in Vipshop in the first quarter worth about $71,000. Campbell & CO Investment Adviser LLC purchased a new position in Vipshop in the second quarter worth about $88,000. Ellington Management Group LLC purchased a new position in Vipshop in the second quarter worth about $88,000. Finally, Cadence Capital Management LLC purchased a new position in Vipshop in the first quarter worth about $95,000. Institutional investors own 45.80% of the company’s stock.
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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