Brokerages Set Vipshop Holdings Limited (NYSE:VIPS) Price Target at $17.42

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) has been given a consensus recommendation of "Hold" by the six analysts that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.42.

Several equities analysts have weighed in on the company. Citigroup increased their target price on Vipshop from $15.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, September 27th. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research note on Thursday, September 12th. CLSA downgraded shares of Vipshop from an "outperform" rating to a "hold" rating and lowered their target price for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Morgan Stanley reduced their price target on shares of Vipshop from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 20th. Finally, UBS Group cut shares of Vipshop from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st.

Hedge Funds Weigh In On Vipshop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIPS. Blue Trust Inc. boosted its position in Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company's stock worth $46,000 after acquiring an additional 3,351 shares during the last quarter. Employees Retirement System of Texas boosted its holdings in Vipshop by 143.2% during the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company's stock worth $60,000 after purchasing an additional 2,717 shares during the last quarter. National Bank of Canada FI bought a new position in Vipshop in the second quarter valued at $136,000. Atomi Financial Group Inc. increased its stake in Vipshop by 6.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock valued at $174,000 after buying an additional 702 shares during the last quarter. Finally, Cetera Advisors LLC bought a new stake in Vipshop during the 1st quarter worth about $232,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Performance

Vipshop stock traded down $0.25 during trading hours on Friday, reaching $14.19. 2,029,050 shares of the company's stock traded hands, compared to its average volume of 2,812,517. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 1.62 and a beta of 0.34. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The firm's 50 day moving average is $14.24 and its 200-day moving average is $14.56.

Vipshop (NYSE:VIPS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $0.48 by $3.43. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The business had revenue of $25.08 billion for the quarter, compared to analyst estimates of $26.61 billion. During the same period in the prior year, the business posted $0.51 earnings per share. Vipshop's revenue was down 4.1% compared to the same quarter last year. Analysts predict that Vipshop will post 1.97 EPS for the current year.

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.