Vipshop (NYSE:VIPS) Price Target Raised to $20.00 at Barclays

Vipshop (NYSE:VIPS) had its price objective hoisted by analysts at Barclays from $19.00 to $20.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Barclays‘s price target would suggest a potential upside of 40.30% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a report on Friday. Citigroup decreased their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Finally, Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Vipshop has an average rating of “Hold” and an average target price of $17.64.

Vipshop Price Performance

Shares of Vipshop stock opened at $14.26 on Tuesday. The stock has a fifty day moving average price of $14.00 and a 200-day moving average price of $13.99. The firm has a market cap of $7.32 billion, a PE ratio of 6.82, a P/E/G ratio of 1.52 and a beta of 0.30. Vipshop has a 1 year low of $11.50 and a 1 year high of $20.19.

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

Hedge Funds Weigh In On Vipshop

A number of large investors have recently made changes to their positions in the stock. Venturi Wealth Management LLC purchased a new stake in Vipshop during the 3rd quarter worth about $56,000. Blue Trust Inc. grew its holdings in Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock valued at $134,000 after buying an additional 1,487 shares in the last quarter. Polymer Capital Management HK LTD bought a new stake in shares of Vipshop during the third quarter valued at about $175,000. Jump Financial LLC purchased a new stake in shares of Vipshop in the fourth quarter worth about $161,000. Finally, Atomi Financial Group Inc. boosted its position in shares of Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after acquiring an additional 1,191 shares during the period. 48.82% of the stock is owned by institutional investors.

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.