Vipshop Holdings Ltd. (VIPS) Raised to Buy at Deutsche Bank AG
VIPS has been the topic of several other reports. Zacks Investment Research raised Vipshop Holdings from a sell rating to a hold rating in a report on Wednesday, July 20th. Goldman Sachs Group Inc. assumed coverage on Vipshop Holdings in a report on Monday, July 25th. They issued a buy rating and a $14.30 target price on the stock. TheStreet raised Vipshop Holdings to a buy rating in a report on Friday, August 12th. Stifel Nicolaus upped their target price on shares of Vipshop Holdings from $18.00 to $21.50 and gave the company a buy rating in a research report on Tuesday, August 16th. Finally, Bank of America Corp. upgraded shares of Vipshop Holdings from a neutral rating to a buy rating in a research report on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $16.02.
Shares of Vipshop Holdings (NYSE:VIPS) opened at 13.30 on Thursday. The stock has a market capitalization of $7.71 billion, a P/E ratio of 30.79 and a beta of 1.83. The stock has a 50 day moving average price of $14.20 and a 200 day moving average price of $13.28. Vipshop Holdings has a 12 month low of $10.21 and a 12 month high of $17.53.
Vipshop Holdings (NYSE:VIPS) last issued its quarterly earnings results on Monday, August 15th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. Vipshop Holdings had a return on equity of 51.84% and a net margin of 3.63%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the firm earned $0.14 EPS. On average, analysts anticipate that Vipshop Holdings will post $0.67 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Panagora Asset Management Inc. raised its position in shares of Vipshop Holdings by 461.4% in the third quarter. Panagora Asset Management Inc. now owns 50,348 shares of the company’s stock worth $739,000 after buying an additional 41,379 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in shares of Vipshop Holdings during the third quarter worth approximately $378,000. The Manufacturers Life Insurance Company acquired a new position in shares of Vipshop Holdings during the third quarter worth approximately $6,849,000. UBS Group AG raised its position in shares of Vipshop Holdings by 413.8% in the third quarter. UBS Group AG now owns 733,304 shares of the company’s stock worth $10,758,000 after buying an additional 590,595 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of Vipshop Holdings by 15.6% in the third quarter. Lazard Asset Management LLC now owns 3,704,144 shares of the company’s stock worth $54,338,000 after buying an additional 499,782 shares during the period. Institutional investors own 75.47% of the company’s stock.
Vipshop Holdings Company Profile
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.
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