Vipshop (NYSE:VIPS) PT Raised to $17.00

Vipshop (NYSE:VIPS – Get Rating) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $10.00 to $17.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 12.06% from the stock’s current price.

Several other analysts also recently issued reports on the stock. HSBC cut their target price on shares of Vipshop from $10.10 to $9.60 and set a “hold” rating on the stock in a research note on Thursday, September 29th. Citigroup cut their target price on shares of Vipshop from $10.90 to $10.00 in a research note on Thursday, October 6th. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Wednesday, November 23rd. Morgan Stanley dropped their price target on shares of Vipshop from $10.00 to $8.50 in a research note on Monday, October 31st. Finally, The Goldman Sachs Group upped their price target on shares of Vipshop from $10.10 to $11.40 and gave the stock a “neutral” rating in a research note on Wednesday, November 23rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Vipshop has a consensus rating of “Hold” and a consensus target price of $11.04.

Vipshop Stock Performance

NYSE VIPS opened at $15.17 on Wednesday. The stock has a market capitalization of $10.30 billion, a P/E ratio of 12.23 and a beta of 0.51. Vipshop has a 1 year low of $5.75 and a 1 year high of $15.82. The business’s fifty day moving average is $11.93 and its two-hundred day moving average is $10.29.

Vipshop (NYSE:VIPS – Get Rating) last announced its earnings results on Tuesday, November 22nd. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. Vipshop had a net margin of 5.13% and a return on equity of 16.41%. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.25 billion. On average, research analysts forecast that Vipshop will post 1.08 earnings per share for the current year.

Institutional Investors Weigh In On Vipshop

A number of large investors have recently bought and sold shares of the business. Vontobel Holding Ltd. boosted its holdings in Vipshop by 8.6% in the second quarter. Vontobel Holding Ltd. now owns 15,566 shares of the technology company’s stock worth $154,000 after purchasing an additional 1,232 shares in the last quarter. Creative Planning boosted its holdings in Vipshop by 1.5% in the second quarter. Creative Planning now owns 87,125 shares of the technology company’s stock worth $862,000 after purchasing an additional 1,300 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Vipshop by 0.5% in the third quarter. Nordea Investment Management AB now owns 360,778 shares of the technology company’s stock worth $2,984,000 after purchasing an additional 1,832 shares in the last quarter. Toroso Investments LLC boosted its holdings in Vipshop by 2.9% in the first quarter. Toroso Investments LLC now owns 66,838 shares of the technology company’s stock worth $602,000 after purchasing an additional 1,890 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in Vipshop by 121.0% in the third quarter. Huntington National Bank now owns 3,487 shares of the technology company’s stock worth $29,000 after purchasing an additional 1,909 shares in the last quarter. 49.81% of the stock is currently owned by institutional investors.

Vipshop Company Profile

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Vipshop Holdings Limited operates online platforms for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items.