Vipshop (NYSE:VIPS) Upgraded to “Buy” by Daiwa Capital Markets

Daiwa Capital Markets upgraded shares of Vipshop (NYSE:VIPS) from a neutral rating to a buy rating in a report released on Friday morning, Briefing.com Automated Import reports.

Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Vipshop from a hold rating to a buy rating and set a $8.75 price target for the company in a report on Saturday, April 27th. CICC Research raised shares of Vipshop from a neutral rating to an outperform rating in a report on Thursday. UBS Group lowered shares of Vipshop from a neutral rating to a sell rating in a report on Monday, April 22nd. JPMorgan Chase & Co. raised shares of Vipshop from a neutral rating to an overweight rating and raised their price target for the company from $6.50 to $11.00 in a report on Tuesday, April 30th. Finally, ValuEngine lowered shares of Vipshop from a sell rating to a strong sell rating in a report on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $8.11.

Shares of Vipshop stock opened at $7.91 on Friday. The firm has a market cap of $4.13 billion, a P/E ratio of 18.40 and a beta of 1.93. The firm has a 50 day simple moving average of $7.66 and a 200 day simple moving average of $7.74. Vipshop has a fifty-two week low of $4.30 and a fifty-two week high of $9.26.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, August 14th. The technology company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $1.46. The business had revenue of $21.72 billion during the quarter, compared to analyst estimates of $21.60 billion. Vipshop had a net margin of 2.97% and a return on equity of 15.02%. Vipshop’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. Equities analysts anticipate that Vipshop will post 0.57 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in Vipshop by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 843,714 shares of the technology company’s stock valued at $4,575,000 after acquiring an additional 26,192 shares during the period. Dimensional Fund Advisors LP grew its position in Vipshop by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,937,700 shares of the technology company’s stock valued at $26,984,000 after acquiring an additional 18,633 shares during the period. Norges Bank purchased a new stake in Vipshop during the fourth quarter valued at about $28,848,000. Mizuho Securities USA LLC purchased a new stake in Vipshop during the first quarter valued at about $129,000. Finally, Exane Derivatives grew its position in Vipshop by 21.7% during the first quarter. Exane Derivatives now owns 311,881 shares of the technology company’s stock valued at $2,504,000 after acquiring an additional 55,591 shares during the period. 45.80% of the stock is owned by hedge funds and other institutional investors.

About Vipshop

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 casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

Featured Article: What are the benefits of a balanced fund?

Analyst Recommendations for Vipshop (NYSE:VIPS)

Receive News & Ratings for Vipshop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop and related companies with MarketBeat.com's FREE daily email newsletter.