Vipshop (NYSE:VIPS) Lifted to “Strong-Buy” at StockNews.com

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

A number of other analysts also recently issued reports on VIPS. Benchmark reaffirmed a “buy” rating and issued a $29.00 target price on shares of Vipshop in a research report on Thursday, February 29th. Citigroup lifted their price target on Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. TheStreet upgraded Vipshop from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Finally, HSBC reduced their price target on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $21.13.

Vipshop Price Performance

VIPS opened at $15.14 on Friday. The business’s 50-day moving average price is $17.09 and its two-hundred day moving average price is $16.27. Vipshop has a 1 year low of $13.80 and a 1 year high of $20.19. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 7.46 and a beta of 0.41.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $5.15. The firm had revenue of $34.67 billion for the quarter, compared to the consensus estimate of $33.18 billion. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Sell-side analysts anticipate that Vipshop will post 2.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vipshop

A number of institutional investors have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Vipshop in the fourth quarter valued at approximately $70,333,000. Hsbc Holdings PLC boosted its stake in shares of Vipshop by 362.9% in the first quarter. Hsbc Holdings PLC now owns 4,236,968 shares of the technology company’s stock valued at $38,142,000 after buying an additional 3,321,593 shares during the period. FIL Ltd boosted its stake in shares of Vipshop by 31.2% in the fourth quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock valued at $193,792,000 after buying an additional 2,593,670 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Vipshop by 28.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock valued at $184,600,000 after buying an additional 2,273,198 shares during the period. Finally, Ariose Capital Management Ltd bought a new stake in shares of Vipshop in the fourth quarter valued at approximately $35,498,000. Institutional investors 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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.