Vipshop (NYSE:VIPS) Given New $20.00 Price Target at Barclays

Vipshop (NYSE:VIPS) had its price objective hoisted by stock analysts at Barclays from $19.00 to $20.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Barclays‘s target price would suggest a potential upside of 26.47% from the stock’s previous close.

A number of other brokerages have also issued reports on VIPS. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Finally, Citigroup dropped their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.64.

Vipshop Price Performance

NYSE:VIPS opened at $15.81 on Tuesday. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The stock has a market capitalization of $8.12 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30. The business’s 50-day simple moving average is $14.08 and its 200-day simple moving average is $14.01.

Vipshop (NYSE:VIPS) last announced its earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Vipshop had a net margin of 7.50% and a return on equity of 20.89%. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $3.82 billion. On average, research analysts expect that Vipshop will post 1.95 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Venturi Wealth Management LLC acquired a new position in shares of Vipshop during the 3rd quarter worth approximately $56,000. Blue Trust Inc. increased its holdings in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after acquiring an additional 1,487 shares during the last quarter. Polymer Capital Management HK LTD acquired a new position in shares of Vipshop during the 3rd quarter worth approximately $175,000. Jump Financial LLC acquired a new position in shares of Vipshop during the 4th quarter worth approximately $161,000. Finally, Atomi Financial Group Inc. increased its holdings in shares of Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after acquiring an additional 1,191 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.