Vipshop Holdings Ltd. (NYSE:VIPS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “Vipshop Holdings Ltd. is an online discount retailer for brands. The Company offers branded products to consumers in China through flash sales on its vipshop.com website. It offers a wide selection of various famous branded discount products including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products, through its website. Vipshop Holdings Ltd. is headquartered in Guangzhou. “

Several other research analysts have also issued reports on VIPS. Nomura increased their price target on shares of Vipshop Holdings from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $16.00 price target on shares of Vipshop Holdings in a research report on Wednesday, August 31st. Deutsche Bank AG lowered shares of Vipshop Holdings from a “buy” rating to a “hold” rating and increased their price target for the stock from $16.60 to $16.90 in a research report on Wednesday, August 17th. Stifel Nicolaus increased their price target on shares of Vipshop Holdings from $18.00 to $21.50 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Finally, Jefferies Group reissued a “buy” rating and issued a $16.00 price target on shares of Vipshop Holdings in a research report on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Vipshop Holdings currently has a consensus rating of “Hold” and an average price target of $16.51.

Analyst Recommendations for Vipshop Holdings (NYSE:VIPS)

Shares of Vipshop Holdings (NYSE:VIPS) opened at 14.25 on Wednesday. Vipshop Holdings has a 52-week low of $10.21 and a 52-week high of $22.31. The firm has a market capitalization of $8.26 billion, a P/E ratio of 32.46 and a beta of 1.78. The firm has a 50-day moving average price of $14.50 and a 200-day moving average price of $13.31.

Vipshop Holdings (NYSE:VIPS) last posted its quarterly earnings results on Monday, August 15th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Vipshop Holdings had a net margin of 3.63% and a return on equity of 51.84%. The firm earned $2.02 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the business posted $0.14 earnings per share. On average, equities research analysts anticipate that Vipshop Holdings will post $0.70 EPS for the current year.

Several hedge funds have recently modified their holdings of the stock. Oasis Management Co Ltd. acquired a new position in shares of Vipshop Holdings during the first quarter worth about $213,000. Legal & General Group Plc boosted its position in shares of Vipshop Holdings by 2.3% in the first quarter. Legal & General Group Plc now owns 342,800 shares of the company’s stock worth $4,416,000 after buying an additional 7,600 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in shares of Vipshop Holdings during the first quarter worth about $3,018,000. Renaissance Technologies LLC acquired a new position in shares of Vipshop Holdings during the first quarter worth about $34,494,000. Finally, Geode Capital Management LLC boosted its position in shares of Vipshop Holdings by 40.3% in the first quarter. Geode Capital Management LLC now owns 101,313 shares of the company’s stock worth $1,293,000 after buying an additional 29,116 shares during the last quarter. 74.71% of the stock is owned by institutional investors and hedge funds.

About Vipshop Holdings

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

5 Day Chart for NYSE:VIPS

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