Vipshop (NYSE:VIPS) Rating Increased to Outperform at CICC Research

Vipshop (NYSE:VIPS) was upgraded by equities research analysts at CICC Research from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, The Fly reports.

VIPS has been the subject of a number of other reports. JPMorgan Chase & Co. upgraded Vipshop from a “neutral” rating to an “overweight” rating and increased their price target for the company from $6.50 to $11.00 in a research note on Tuesday, April 30th. Jefferies Financial Group began coverage on Vipshop in a research note on Monday, August 5th. They issued a “hold” rating and a $8.50 price target for the company. ValuEngine cut Vipshop from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 11th. UBS Group cut Vipshop from a “neutral” rating to a “sell” rating in a research note on Monday, April 22nd. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of Vipshop in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.11.

Shares of VIPS opened at $6.26 on Thursday. Vipshop has a 52 week low of $4.30 and a 52 week high of $9.26. The company has a market cap of $4.17 billion, a PE ratio of 14.56 and a beta of 1.93. The firm has a fifty day moving average price of $7.70.



Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Wednesday, August 14th. The technology company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $1.46. Vipshop had a return on equity of 12.56% and a net margin of 2.89%. The company had revenue of $21.72 billion during the quarter, compared to analysts’ expectations of $21.60 billion. During the same period in the prior year, the company earned $0.84 EPS. Vipshop’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts predict that Vipshop will post 0.57 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of VIPS. BlackRock Inc. grew its holdings in Vipshop by 1.0% during the 2nd quarter. BlackRock Inc. now owns 23,182,882 shares of the technology company’s stock worth $200,067,000 after acquiring an additional 219,305 shares during the period. Morgan Stanley grew its holdings in Vipshop by 26.0% during the 2nd quarter. Morgan Stanley now owns 18,731,443 shares of the technology company’s stock worth $161,651,000 after acquiring an additional 3,865,045 shares during the period. Invesco Ltd. grew its holdings in Vipshop by 30.1% during the 2nd quarter. Invesco Ltd. now owns 17,957,021 shares of the technology company’s stock worth $154,968,000 after acquiring an additional 4,155,879 shares during the period. Vanguard Group Inc. grew its holdings in Vipshop by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 15,485,663 shares of the technology company’s stock worth $133,642,000 after acquiring an additional 118,223 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Vipshop by 0.8% during the 2nd quarter. Wells Fargo & Company MN now owns 14,897,950 shares of the technology company’s stock worth $128,570,000 after acquiring an additional 116,984 shares during the period. Institutional investors and hedge funds own 45.80% of the company’s stock.

About Vipshop

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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Analyst Recommendations for Vipshop (NYSE:VIPS)

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