Vipshop (NYSE:VIPS) Raised to “Outperform” at CICC Research
CICC Research upgraded shares of Vipshop (NYSE:VIPS) from a neutral rating to an outperform rating in a research note released on Thursday, The Fly reports.
Several other equities analysts have also recently weighed in on the company. Daiwa Capital Markets upgraded Vipshop from an underperform rating to a neutral rating in a research report on Friday, May 24th. Credit Suisse Group restated a neutral rating on shares of Vipshop in a research report on Wednesday, July 17th. JPMorgan Chase & Co. upgraded Vipshop from a neutral rating to an overweight rating and boosted their target price for the stock from $6.50 to $11.00 in a research report on Tuesday, April 30th. Jefferies Financial Group initiated coverage on Vipshop in a research report on Monday, August 5th. They set a hold rating and a $8.50 target price for the company. Finally, UBS Group cut Vipshop from a neutral rating to a sell rating in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $8.25.
Shares of NYSE VIPS opened at $7.91 on Thursday. The stock has a market cap of $4.74 billion, a PE ratio of 18.40 and a beta of 1.93. Vipshop has a fifty-two week low of $4.30 and a fifty-two week high of $9.26. The stock has a fifty day moving average of $7.66 and a 200-day moving average of $7.74.
A number of institutional investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. bought a new stake in Vipshop during the second quarter worth about $34,000. Advisor Group Inc. lifted its stake in Vipshop by 390.3% during the second quarter. Advisor Group Inc. now owns 7,208 shares of the technology company’s stock worth $63,000 after purchasing an additional 5,738 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Vipshop during the first quarter worth about $71,000. Campbell & CO Investment Adviser LLC bought a new stake in Vipshop during the second quarter worth about $88,000. Finally, Ellington Management Group LLC bought a new stake in Vipshop during the second quarter worth about $88,000. Institutional investors and hedge funds own 45.80% of the company’s stock.
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.
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