Vipshop’s (VIPS) Hold Rating Reiterated at Bank of America

Bank of America reissued their hold rating on shares of Vipshop (NYSE:VIPS) in a research report released on Monday, AnalystRatings.com reports. The brokerage currently has a $9.72 price objective on the technology company’s stock.

Other analysts have also issued research reports about the company. Credit Suisse Group raised Vipshop from a neutral rating to an outperform rating in a report on Thursday, August 15th. JPMorgan Chase & Co. raised Vipshop from a neutral rating to an overweight rating and raised their target price for the company from $6.50 to $11.00 in a report on Tuesday, April 30th. Citigroup raised Vipshop from a sell rating to a neutral rating in a report on Tuesday, May 28th. UBS Group lowered Vipshop from a neutral rating to a sell rating in a report on Monday, April 22nd. Finally, Daiwa Capital Markets raised Vipshop from a neutral rating to a buy rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $8.60.

Shares of NYSE VIPS opened at $8.02 on Monday. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 18.65 and a beta of 1.93. The business’s 50-day simple moving average is $7.60 and its 200-day simple moving average is $7.76. Vipshop has a 52 week low of $4.30 and a 52 week high of $9.26.



Vipshop (NYSE:VIPS) last issued its quarterly earnings data 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. The business had revenue of $21.72 billion for the quarter, compared to analyst estimates of $21.60 billion. Vipshop had a return on equity of 14.63% and a net margin of 2.97%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. As a group, analysts predict that Vipshop will post 0.66 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank lifted its position in shares of Vipshop by 13.9% in the 1st quarter. Comerica Bank now owns 38,272 shares of the technology company’s stock worth $308,000 after acquiring an additional 4,675 shares during the period. KEYWISE CAPITAL MANAGEMENT Ltd lifted its position in shares of Vipshop by 23.1% in the 1st quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 7,315,800 shares of the technology company’s stock worth $58,746,000 after acquiring an additional 1,371,500 shares during the period. Royal London Asset Management Ltd. lifted its position in shares of Vipshop by 5.0% in the 1st quarter. Royal London Asset Management Ltd. now owns 243,700 shares of the technology company’s stock worth $1,956,000 after acquiring an additional 11,700 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Vipshop in the 2nd quarter worth approximately $88,000. Finally, Exane Derivatives lifted its position in shares of Vipshop by 21.7% in the 1st quarter. Exane Derivatives now owns 311,881 shares of the technology company’s stock worth $2,504,000 after acquiring an additional 55,591 shares during the period. 44.60% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Company Profile

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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