Vipshop (NYSE:VIPS) was downgraded by CLSA from a “buy” rating to an “underperform” rating in a research report issued on Tuesday, MarketBeat reports.

Several other analysts have also issued reports on the company. Zacks Investment Research lowered Vipshop from a “buy” rating to a “hold” rating in a report on Friday, April 20th. KeyCorp set a $20.00 price objective on Vipshop and gave the company a “buy” rating in a research note on Tuesday, February 13th. Benchmark reaffirmed a “buy” rating and issued a $24.00 price objective (up from $12.00) on shares of Vipshop in a research note on Wednesday, February 14th. JPMorgan Chase raised their price objective on Vipshop from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Finally, HSBC raised Vipshop from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Vipshop presently has an average rating of “Hold” and an average target price of $16.72.

VIPS opened at $12.66 on Tuesday. The firm has a market cap of $9.90 billion, a PE ratio of 21.83 and a beta of 2.30. Vipshop has a 52-week low of $12.05 and a 52-week high of $12.78. The company has a current ratio of 1.35, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.

Vipshop (NYSE:VIPS) last released its earnings results on Monday, February 12th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.60 billion. Vipshop had a return on equity of 23.48% and a net margin of 2.51%. equities analysts forecast that Vipshop will post 0.69 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in VIPS. Wexford Capital LP acquired a new stake in shares of Vipshop during the first quarter valued at about $181,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Vipshop during the first quarter valued at about $205,000. Resources Investment Advisors Inc. boosted its stake in shares of Vipshop by 296.6% during the fourth quarter. Resources Investment Advisors Inc. now owns 12,414 shares of the technology company’s stock valued at $145,000 after purchasing an additional 9,284 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Vipshop during the fourth quarter valued at about $159,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Vipshop during the fourth quarter valued at about $172,000. 48.32% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Company Profile

Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China. It offers a range of branded products, including 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 consisting of belts, fashionable jewelry, watches, and glasses for women and men.

Analyst Recommendations for Vipshop (NYSE:VIPS)

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