Vipshop Holdings Ltd – (NYSE:VIPS) dropped 5.6% on Monday . The stock traded as low as $7.71 and last traded at $7.91. Approximately 7,692,373 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 8,529,558 shares. The stock had previously closed at $8.38.
VIPS has been the subject of several research analyst reports. Zacks Investment Research raised shares of Vipshop from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Saturday, January 26th. Bank of America lowered shares of Vipshop from a “buy” rating to a “neutral” rating and set a $6.92 target price for the company. in a research note on Tuesday, February 19th. Macquarie lowered shares of Vipshop from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $7.00 to $5.90 in a research note on Friday, February 22nd. KeyCorp upped their price target on shares of Vipshop from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Finally, ValuEngine raised shares of Vipshop from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.18.
The company has a current ratio of 1.05, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. The firm has a market cap of $5.19 billion, a PE ratio of 18.28 and a beta of 1.93.
Vipshop (NYSE:VIPS) last released its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The business had revenue of $26.08 billion for the quarter, compared to analyst estimates of $26.78 billion. Vipshop had a net margin of 2.53% and a return on equity of 12.71%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.41 earnings per share. Equities research analysts forecast that Vipshop Holdings Ltd – will post 0.56 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in VIPS. PNC Financial Services Group Inc. boosted its holdings in shares of Vipshop by 101.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,508 shares of the technology company’s stock worth $25,000 after buying an additional 2,267 shares during the period. Cigna Investments Inc. New bought a new stake in shares of Vipshop during the 4th quarter worth $58,000. Hennessy Advisors Inc. bought a new stake in shares of Vipshop during the 4th quarter worth $69,000. CIBC Asset Management Inc raised its stake in Vipshop by 27.6% during the 4th quarter. CIBC Asset Management Inc now owns 13,196 shares of the technology company’s stock valued at $72,000 after purchasing an additional 2,855 shares during the last quarter. Finally, Wetherby Asset Management Inc. acquired a new position in Vipshop during the 4th quarter valued at $82,000. Hedge funds and other institutional investors own 45.93% of the company’s stock.
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About Vipshop (NYSE:VIPS)
Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.
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