Barclays Initiates Coverage on Vipshop (NYSE:VIPS)

Barclays began coverage on shares of Vipshop (NYSE:VIPS) in a research note published on Wednesday morning, MarketBeat reports. The brokerage issued an overweight rating and a $19.00 price target on the technology company’s stock.

Other analysts have also issued reports about the company. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Citigroup raised their price objective on shares of Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Morgan Stanley reduced their target price on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and decreased their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Finally, UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Vipshop has a consensus rating of “Hold” and an average target price of $17.64.

Vipshop Stock Down 5.5 %

Shares of Vipshop stock opened at $13.97 on Wednesday. The stock has a market capitalization of $7.58 billion, a P/E ratio of 6.62, a price-to-earnings-growth ratio of 1.65 and a beta of 0.34. Vipshop has a 12-month low of $11.50 and a 12-month high of $20.19. The company has a 50-day simple moving average of $14.45 and a 200 day simple moving average of $14.54.

Vipshop (NYSE:VIPS) last posted its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $3.43. The company had revenue of $25.08 billion during the quarter, compared to analysts’ expectations of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. Vipshop’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, equities analysts anticipate that Vipshop will post 1.97 earnings per share for the current year.

Institutional Investors Weigh In On Vipshop

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its position in shares of Vipshop by 17.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 25,583 shares of the technology company’s stock worth $402,000 after buying an additional 3,787 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Vipshop by 9.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,059 shares of the technology company’s stock worth $13,340,000 after acquiring an additional 75,590 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Vipshop during the third quarter valued at approximately $937,000. Banque Cantonale Vaudoise increased its stake in Vipshop by 68.2% in the third quarter. Banque Cantonale Vaudoise now owns 148,000 shares of the technology company’s stock valued at $2,328,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Lingohr Asset Management GmbH acquired a new stake in Vipshop in the third quarter worth $921,000. Institutional investors own 48.82% of the company’s stock.

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.