Vipshop (NYSE:VIPS) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

Several other brokerages have also recently weighed in on VIPS. Barclays decreased their price target on Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, May 22nd. Citigroup lowered Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research note on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Vipshop presently has an average rating of “Hold” and an average price target of $15.10.

Vipshop Stock Down 2.3%

NYSE VIPS opened at $13.79 on Thursday. The company has a market cap of $7.08 billion, a PE ratio of 6.60, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60. Vipshop has a 52 week low of $11.50 and a 52 week high of $17.94. The firm’s 50-day simple moving average is $13.99 and its two-hundred day simple moving average is $14.30.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. As a group, equities research analysts anticipate that Vipshop will post 1.95 EPS for the current year.

Hedge Funds Weigh In On Vipshop

A number of institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its position in Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after acquiring an additional 1,487 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its stake in Vipshop by 24.0% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 19,573 shares of the technology company’s stock worth $264,000 after purchasing an additional 3,782 shares during the last quarter. abrdn plc lifted its stake in Vipshop by 4.4% during the fourth quarter. abrdn plc now owns 723,339 shares of the technology company’s stock worth $9,610,000 after purchasing an additional 30,403 shares during the last quarter. Caas Capital Management LP purchased a new position in shares of Vipshop in the 4th quarter worth about $1,327,000. Finally, Ping Capital Management Inc. bought a new position in shares of Vipshop during the 4th quarter valued at about $539,000. 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 and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.