Barclays Cuts Vipshop (NYSE:VIPS) Price Target to $19.00

Vipshop (NYSE:VIPS) had its price objective reduced by Barclays from $20.00 to $19.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Barclays‘s price target points to a potential upside of 42.20% from the company’s previous close.

Other analysts also recently issued reports about the company. Morgan Stanley set a $16.00 price objective on Vipshop in a research report on Wednesday. UBS Group set a $18.50 target price on shares of Vipshop and gave the company a “buy” rating in a research report on Friday, May 22nd. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Nomura downgraded shares of Vipshop from a “buy” rating to a “neutral” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.85.

Vipshop Trading Down 5.1%

Vipshop stock traded down $0.72 during mid-day trading on Thursday, hitting $13.36. The company’s stock had a trading volume of 1,061,867 shares, compared to its average volume of 2,320,509. The firm has a market capitalization of $6.40 billion, a PE ratio of 4.43, a price-to-earnings-growth ratio of 1.44 and a beta of 0.67. Vipshop has a 1 year low of $12.65 and a 1 year high of $21.08. The stock’s fifty day moving average is $14.24 and its two-hundred day moving average is $14.96.

Vipshop (NYSE:VIPS) last posted its earnings results on Tuesday, August 25th. 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 13.03%. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.64 billion. On average, equities analysts expect that Vipshop will post 2.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Vipshop

Institutional investors have recently modified their holdings of the company. Mariner LLC grew its position in Vipshop by 3.2% in the 3rd quarter. Mariner LLC now owns 18,308 shares of the technology company’s stock valued at $360,000 after acquiring an additional 561 shares in the last quarter. Arax Advisory Partners lifted its position in shares of Vipshop by 96.8% during the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after purchasing an additional 692 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Vipshop by 1.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 63,826 shares of the technology company’s stock worth $1,129,000 after purchasing an additional 949 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Vipshop by 1.7% in the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 59,943 shares of the technology company’s stock valued at $1,060,000 after purchasing an additional 1,000 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Vipshop by 12.6% in the first quarter. PNC Financial Services Group Inc. now owns 11,366 shares of the technology company’s stock valued at $179,000 after purchasing an additional 1,272 shares during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.