Vipshop (NYSE:VIPS) Lowered to Hold at Benchmark

Benchmark downgraded shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research report report published on Thursday, Marketbeat reports.

Other research analysts have also issued reports about the stock. StockNews.com lowered shares of Vipshop from a strong-buy rating to a buy rating in a research note on Monday, May 13th. HSBC cut their price target on Vipshop from $22.90 to $19.00 and set a hold rating for the company in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $21.60.

Vipshop Trading Down 3.8 %

Shares of NYSE VIPS opened at $15.90 on Thursday. The firm has a market capitalization of $8.62 billion, a P/E ratio of 7.40 and a beta of 0.44. The firm’s 50-day moving average price is $16.42 and its 200-day moving average price is $16.43. Vipshop has a 1-year low of $13.80 and a 1-year high of $20.19.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $5.15. The business had revenue of $34.67 billion for the quarter, compared to analyst estimates of $33.18 billion. Vipshop had a return on equity of 24.24% and a net margin of 7.60%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 earnings per share. Equities research analysts forecast that Vipshop will post 2.24 EPS for the current year.

Hedge Funds Weigh In On Vipshop

A number of hedge funds and other institutional investors have recently made changes to their positions in VIPS. Nordea Investment Management AB grew its position in shares of Vipshop by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 1,322,433 shares of the technology company’s stock valued at $23,592,000 after acquiring an additional 233,438 shares during the period. American Century Companies Inc. increased its holdings in Vipshop by 9.6% in the 3rd quarter. American Century Companies Inc. now owns 996,011 shares of the technology company’s stock worth $15,946,000 after acquiring an additional 87,252 shares during the last quarter. Strs Ohio raised its position in shares of Vipshop by 46.8% in the fourth quarter. Strs Ohio now owns 430,890 shares of the technology company’s stock valued at $7,652,000 after purchasing an additional 137,300 shares during the period. Ariose Capital Management Ltd bought a new stake in Vipshop during the 4th quarter valued at $35,498,000. Finally, New York State Common Retirement Fund raised its stake in shares of Vipshop by 5.2% during the 4th quarter. New York State Common Retirement Fund now owns 1,218,490 shares of the technology company’s stock valued at $21,640,000 after purchasing an additional 60,411 shares during the period. 48.82% of the stock is owned by hedge funds and other institutional investors.

About Vipshop

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.