Vipshop (VIPS) Downgraded to Hold at Zacks Investment Research

Vipshop (NYSE:VIPS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Saturday.

According to Zacks, “Vipshop Holdings Ltd. is an online discount retailer for brands. The Company offers branded products to consumers in China through flash sales on its vipshop.com website. It offers a wide selection of various famous branded discount products including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products, through its website. Vipshop Holdings Ltd. is headquartered in Guangzhou. “

A number of other brokerages have also recently issued reports on VIPS. Benchmark dropped their target price on Vipshop from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, November 16th. Citigroup dropped their target price on Vipshop to $5.40 and set a “sell” rating for the company in a report on Monday, October 15th. UBS Group dropped their target price on Vipshop from $8.00 to $5.50 and set a “neutral” rating for the company in a report on Friday, October 12th. Finally, JPMorgan Chase & Co. cut Vipshop from an “overweight” rating to a “neutral” rating and set a $6.00 target price for the company. in a report on Tuesday, October 9th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.43.

Shares of VIPS stock opened at $6.87 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.12 and a debt-to-equity ratio of 0.03. Vipshop has a 12 month low of $4.30 and a 12 month high of $19.14. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 11.84 and a beta of 1.50.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, November 14th. The technology company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. Vipshop had a return on equity of 13.12% and a net margin of 2.57%. The company had revenue of $17.83 billion during the quarter, compared to the consensus estimate of $17.59 billion. During the same quarter last year, the company earned $0.91 EPS. The company’s quarterly revenue was up 16.4% on a year-over-year basis. On average, equities research analysts forecast that Vipshop will post 0.43 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of VIPS. Teachers Advisors LLC raised its holdings in shares of Vipshop by 1,225.0% in the 3rd quarter. Teachers Advisors LLC now owns 3,149,229 shares of the technology company’s stock worth $19,651,000 after buying an additional 2,911,555 shares in the last quarter. FIL Ltd increased its holdings in Vipshop by 18.5% during the 3rd quarter. FIL Ltd now owns 18,167,936 shares of the technology company’s stock valued at $113,368,000 after purchasing an additional 2,841,430 shares in the last quarter. Global Thematic Partners LLC increased its holdings in Vipshop by 63.1% during the 3rd quarter. Global Thematic Partners LLC now owns 6,382,543 shares of the technology company’s stock valued at $39,825,000 after purchasing an additional 2,468,257 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Vipshop by 64.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,919,067 shares of the technology company’s stock valued at $30,698,000 after purchasing an additional 1,931,299 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in Vipshop by 32.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 7,078,694 shares of the technology company’s stock valued at $44,171,000 after purchasing an additional 1,746,143 shares in the last quarter. 47.75% of the stock is owned by institutional investors and hedge funds.

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

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