Vipshop Holdings Limited (NYSE:VIPS) Stock Has Consensus Target Price of $17.16

Vipshop Holdings Limited (NYSE:VIPS) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $17.16.

Several equities research analysts recently commented on VIPS shares. Nomura restated a “neutral” rating and issued a $14.00 price target on shares of Vipshop in a research report on Thursday, August 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Vipshop in a research note on Friday, August 21st. Citigroup reduced their target price on Vipshop from $15.30 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, September 29th. Zacks Research downgraded Vipshop from a “hold” rating to a “strong sell” rating in a report on Friday, August 28th. Finally, Morgan Stanley set a $16.00 price target on Vipshop in a research report on Wednesday, August 26th.

Vipshop Trading Down 0.4%

Shares of VIPS opened at $12.72 on Friday. The business’s 50-day moving average price is $13.47 and its 200 day moving average price is $14.07. The stock has a market capitalization of $6.09 billion, a P/E ratio of 4.21, a P/E/G ratio of 1.95 and a beta of 0.57. Vipshop has a 1-year low of $12.02 and a 1-year high of $20.59.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.47). Vipshop had a net margin of 9.88% and a return on equity of 12.63%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.64 billion. On average, research analysts predict that Vipshop will post 1.68 earnings per share for the current year.

Hedge Funds Weigh In On Vipshop

A number of large investors have recently made changes to their positions in the business. QRG Capital Management Inc. boosted its holdings in shares of Vipshop by 7.5% during the second quarter. QRG Capital Management Inc. now owns 25,834 shares of the technology company’s stock worth $343,000 after purchasing an additional 1,801 shares during the period. Sequoia Financial Advisors LLC increased its stake in Vipshop by 123.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 65,342 shares of the technology company’s stock valued at $866,000 after buying an additional 36,065 shares during the period. Tidal Investments LLC increased its stake in Vipshop by 12.8% in the 2nd quarter. Tidal Investments LLC now owns 45,920 shares of the technology company’s stock valued at $609,000 after buying an additional 5,201 shares during the period. WINTON GROUP Ltd purchased a new stake in Vipshop in the 2nd quarter worth approximately $411,000. Finally, Engineers Gate Manager LP lifted its position in Vipshop by 747.0% in the 2nd quarter. Engineers Gate Manager LP now owns 172,668 shares of the technology company’s stock worth $2,290,000 after buying an additional 152,282 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

About Vipshop

Vipshop Holdings Limited (NYSE: VIPS) is a China-based online discount retailer specializing in branded products offered through limited-time promotional events. The company operates the Vipshop platform, which connects consumers with discounted apparel, footwear, beauty products, household goods, consumer electronics and other merchandise from domestic and international brands.

Founded in 2008, Vipshop built its business around the “flash sale” model, offering select products for a limited period and helping brands manage excess inventory and reach price-conscious consumers.