Vipshop (NYSE:VIPS) Rating Increased to Strong-Buy at StockNews.com

Vipshop (NYSE:VIPSGet Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

A number of other analysts have also recently commented on VIPS. HSBC cut their price target on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. TheStreet raised shares of Vipshop from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. Benchmark reissued a “buy” rating and set a $29.00 price objective on shares of Vipshop in a research report on Thursday, February 29th. Finally, Citigroup increased their price objective on shares of Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $21.13.

View Our Latest Report on Vipshop

Vipshop Trading Up 0.1 %

Shares of VIPS opened at $15.16 on Friday. The stock has a market capitalization of $8.88 billion, a P/E ratio of 7.47 and a beta of 0.41. The firm’s fifty day simple moving average is $17.06 and its two-hundred day simple moving average is $16.27. Vipshop has a 12 month low of $13.80 and a 12 month high of $20.19.

Vipshop (NYSE:VIPSGet Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $5.15. The business had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.18 billion. Vipshop had a net margin of 7.20% and a return on equity of 23.19%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. As a group, research analysts predict that Vipshop will post 2.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Vipshop

Several large investors have recently modified their holdings of VIPS. Natixis purchased a new position in Vipshop in the 4th quarter valued at approximately $27,000. Lindbrook Capital LLC grew its stake in Vipshop by 56.4% in the 4th quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock valued at $35,000 after buying an additional 708 shares in the last quarter. Rakuten Securities Inc. purchased a new position in Vipshop in the 4th quarter valued at approximately $36,000. Castleview Partners LLC purchased a new position in Vipshop in the 2nd quarter valued at approximately $38,000. Finally, Richardson Financial Services Inc. purchased a new position in Vipshop in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

(Get Free Report)

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.

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