Vipshop (NYSE:VIPS) Hits New 1-Year High at $12.18

Shares of Vipshop Holdings Ltd – (NYSE:VIPS) hit a new 52-week high during trading on Tuesday . The company traded as high as $12.18 and last traded at $12.03, with a volume of 92966 shares changing hands. The stock had previously closed at $12.07.

A number of brokerages have commented on VIPS. TheStreet raised shares of Vipshop from a “c” rating to a “b-” rating in a report on Tuesday, September 10th. Zacks Investment Research cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. CICC Research raised shares of Vipshop from a “neutral” rating to an “outperform” rating in a report on Thursday, August 15th. Credit Suisse Group raised shares of Vipshop from a “neutral” rating to an “outperform” rating in a report on Thursday, August 15th. Finally, Bank of America reaffirmed a “hold” rating and set a $9.72 target price on shares of Vipshop in a report on Monday, August 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.58.

The firm has a market capitalization of $8.03 billion, a P/E ratio of 26.51 and a beta of 1.94. The stock’s 50-day simple moving average is $10.13 and its two-hundred day simple moving average is $8.58.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $1.65. The business had revenue of $19.61 billion during the quarter, compared to analyst estimates of $18.53 billion. Vipshop had a net margin of 2.97% and a return on equity of 14.63%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, equities analysts anticipate that Vipshop Holdings Ltd – will post 0.66 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC boosted its position in shares of Vipshop by 44.6% in the third quarter. Parallel Advisors LLC now owns 3,149 shares of the technology company’s stock worth $28,000 after purchasing an additional 971 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Vipshop by 9.8% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 19,100 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,700 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Vipshop by 36.4% in the third quarter. Daiwa Securities Group Inc. now owns 12,000 shares of the technology company’s stock worth $107,000 after purchasing an additional 3,200 shares during the period. Ladenburg Thalmann Financial Services Inc. bought a new position in shares of Vipshop in the second quarter worth approximately $34,000. Finally, Altshuler Shaham Ltd bought a new position in shares of Vipshop in the second quarter worth approximately $123,000. Institutional investors and hedge funds own 45.98% of the company’s stock.

About Vipshop (NYSE:VIPS)

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.

Featured Story: Risk Tolerance

Receive News & Ratings for Vipshop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop and related companies with MarketBeat.com's FREE daily email newsletter.