Barclays Forecasts Strong Price Appreciation for Vipshop (NYSE:VIPS) Stock

Vipshop (NYSE:VIPS) had its price objective hoisted by stock analysts at Barclays from $19.00 to $20.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price target indicates a potential upside of 26.47% from the company’s current price.

Other analysts have also issued reports about the company. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Citigroup lowered their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Vipshop currently has a consensus rating of “Hold” and a consensus price target of $17.64.

Vipshop Price Performance

Shares of VIPS stock opened at $15.81 on Tuesday. The stock has a fifty day moving average price of $14.08 and a 200 day moving average price of $14.01. Vipshop has a one year low of $11.50 and a one year high of $20.19. The stock has a market cap of $8.12 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $3.82 billion. Equities research analysts anticipate that Vipshop will post 1.95 EPS for the current year.

Hedge Funds Weigh In On Vipshop

Several hedge funds have recently added to or reduced their stakes in VIPS. Creative Planning boosted its holdings in Vipshop by 16.9% in the third quarter. Creative Planning now owns 107,026 shares of the technology company’s stock valued at $1,684,000 after acquiring an additional 15,477 shares during the last quarter. abrdn plc boosted its holdings in Vipshop by 17.3% during the third quarter. abrdn plc now owns 692,936 shares of the technology company’s stock worth $10,914,000 after buying an additional 102,140 shares during the last quarter. AustralianSuper Pty Ltd bought a new position in Vipshop during the third quarter worth about $421,000. Van ECK Associates Corp boosted its holdings in Vipshop by 30.1% during the third quarter. Van ECK Associates Corp now owns 54,392 shares of the technology company’s stock worth $856,000 after buying an additional 12,587 shares during the last quarter. Finally, National Pension Service boosted its holdings in Vipshop by 2.0% during the third quarter. National Pension Service now owns 107,152 shares of the technology company’s stock worth $1,686,000 after buying an additional 2,074 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

About Vipshop

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.