Vipshop (NYSE:VIPS) Price Target Raised to $18.00 at Citigroup

Vipshop (NYSE:VIPS) had its target price upped by equities researchers at Citigroup from $15.00 to $18.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Citigroup’s target price indicates a potential upside of 13.78% from the stock’s previous close.

VIPS has been the topic of a number of other reports. CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and lowered their price target for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Morgan Stanley reduced their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. Finally, UBS Group cut Vipshop from a “buy” rating to a “neutral” rating and lowered their price objective 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 two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.42.

Vipshop Stock Up 3.5 %

Shares of NYSE VIPS traded up $0.54 during midday trading on Friday, reaching $15.82. 7,045,943 shares of the company’s stock traded hands, compared to its average volume of 4,053,829. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 7.36 and a beta of 0.33. The stock’s 50 day simple moving average is $13.21 and its 200-day simple moving average is $14.85. Vipshop has a one year low of $11.50 and a one year high of $20.19.

Vipshop (NYSE:VIPS) last announced its quarterly 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 business had revenue of $25.08 billion for the quarter, compared to the consensus estimate of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The business’s revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. Equities analysts predict that Vipshop will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its position in shares of Vipshop by 5.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,976 shares of the technology company’s stock valued at $264,000 after buying an additional 779 shares during the last quarter. Diversified Trust Co grew its holdings in shares of Vipshop by 0.9% in the first quarter. Diversified Trust Co now owns 99,737 shares of the technology company’s stock valued at $1,651,000 after purchasing an additional 875 shares during the period. Vinva Investment Management Ltd increased its position in Vipshop by 6.4% during the fourth quarter. Vinva Investment Management Ltd now owns 16,007 shares of the technology company’s stock worth $281,000 after purchasing an additional 969 shares during the last quarter. Janiczek Wealth Management LLC raised its stake in Vipshop by 6.3% during the first quarter. Janiczek Wealth Management LLC now owns 20,248 shares of the technology company’s stock worth $336,000 after purchasing an additional 1,193 shares during the period. Finally, Maple Brown Abbott Ltd boosted its holdings in Vipshop by 4.4% in the 1st quarter. Maple Brown Abbott Ltd now owns 29,314 shares of the technology company’s stock valued at $485,000 after purchasing an additional 1,232 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

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 and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.