Vipshop (VIPS) Downgraded by UBS Group
UBS Group cut shares of Vipshop (NYSE:VIPS) from a neutral rating to a sell rating in a report published on Monday, BenzingaRatingsTable reports.
A number of other analysts have also recently weighed in on VIPS. Zacks Investment Research cut shares of Vipshop from a strong-buy rating to a hold rating in a report on Saturday, January 19th. Bank of America cut shares of Vipshop from a buy rating to a neutral rating and set a $6.92 target price on the stock. in a report on Tuesday, February 19th. Macquarie cut shares of Vipshop from an outperform rating to a neutral rating and dropped their target price for the stock from $7.00 to $5.90 in a report on Friday, February 22nd. ValuEngine raised shares of Vipshop from a strong sell rating to a sell rating in a report on Monday, February 4th. Finally, Credit Suisse Group cut shares of Vipshop from a neutral rating to an underperform rating in a report on Thursday, February 21st. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $8.18.
VIPS opened at $7.76 on Monday. The firm has a market capitalization of $5.11 billion, a P/E ratio of 18.05 and a beta of 1.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 1.05. Vipshop has a 12-month low of $4.30 and a 12-month high of $16.14.
Several large investors have recently modified their holdings of VIPS. PNC Financial Services Group Inc. grew its position in shares of Vipshop by 101.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,508 shares of the technology company’s stock worth $25,000 after acquiring an additional 2,267 shares during the last quarter. Cigna Investments Inc. New bought a new position in shares of Vipshop during the fourth quarter worth about $58,000. Hennessy Advisors Inc. bought a new position in shares of Vipshop during the fourth quarter worth about $69,000. CIBC Asset Management Inc grew its position in shares of Vipshop by 27.6% during the fourth quarter. CIBC Asset Management Inc now owns 13,196 shares of the technology company’s stock worth $72,000 after acquiring an additional 2,855 shares during the last quarter. Finally, Wetherby Asset Management Inc. bought a new position in shares of Vipshop during the fourth quarter worth about $82,000. 45.93% of the stock is currently owned by institutional investors.
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.
Read More: Gap Down Stocks
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.