StockNews.com Upgrades Vipshop (NYSE:VIPS) to Strong-Buy

Vipshop (NYSE:VIPS – Get Rating) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Several other analysts have also commented on VIPS. Benchmark raised their target price on Vipshop from $15.00 to $19.00 in a report on Wednesday. Daiwa Capital Markets raised Vipshop from a “neutral” rating to an “outperform” rating and set a $17.30 target price on the stock in a report on Wednesday, March 29th. UBS Group raised their target price on Vipshop from $18.00 to $18.50 in a report on Wednesday. Nomura raised Vipshop from a “neutral” rating to a “buy” rating in a report on Friday, February 24th. Finally, JPMorgan Chase & Co. raised Vipshop from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $16.00 to $18.00 in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.35.

Vipshop Stock Performance

Shares of VIPS stock opened at $14.99 on Friday. The stock’s 50-day simple moving average is $15.07 and its 200-day simple moving average is $13.93. The firm has a market capitalization of $10.18 billion, a PE ratio of 9.03 and a beta of 0.44. Vipshop has a fifty-two week low of $6.36 and a fifty-two week high of $16.35.

Vipshop (NYSE:VIPS – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The technology company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.52 billion. Vipshop had a return on equity of 18.65% and a net margin of 6.68%. Sell-side analysts forecast that Vipshop will post 1.42 earnings per share for the current year.

Hedge Funds Weigh In On Vipshop

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Vipshop by 6.1% during the first quarter. BlackRock Inc. now owns 27,113,695 shares of the technology company’s stock worth $411,586,000 after purchasing an additional 1,547,139 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Vipshop by 1.0% in the first quarter. Vanguard Group Inc. now owns 16,345,728 shares of the technology company’s stock valued at $147,111,000 after acquiring an additional 163,532 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Vipshop by 1.4% in the third quarter. UBS Asset Management Americas Inc. now owns 16,202,178 shares of the technology company’s stock valued at $136,260,000 after acquiring an additional 228,251 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Vipshop in the fourth quarter valued at approximately $155,030,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Vipshop by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 10,927,203 shares of the technology company’s stock valued at $98,379,000 after acquiring an additional 1,069,930 shares in the last quarter. Hedge funds and other institutional investors own 49.81% of the company’s stock.

About Vipshop

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Vipshop Holdings Ltd. operates as a holding company which through its subsidiaries engages in the provision of online product sales and distributions services. It offers womenswear, menswear, footwear, accessories, handbags, apparel for children, sportswear and sporting goods, cosmetic goods, home and lifestyle products, luxury goods, and gifts and miscellaneous.