Citigroup Downgrades Vipshop (NYSE:VIPS) to Neutral

Vipshop (NYSE:VIPS) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, MarketBeat reports. They currently have a $18.00 target price on the technology company’s stock. Citigroup’s price target would indicate a potential upside of 14.72% from the stock’s previous close.

VIPS has been the topic of a number of other research reports. Barclays increased their price objective on Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Vipshop currently has a consensus rating of “Hold” and a consensus price target of $15.30.

Vipshop Stock Down 2.7 %

NYSE VIPS opened at $15.69 on Tuesday. The company has a market cap of $8.05 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30. Vipshop has a 52 week low of $11.50 and a 52 week high of $17.94. The firm’s 50-day simple moving average is $15.55 and its two-hundred day simple moving average is $14.61.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 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 business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. As a group, equities research analysts anticipate that Vipshop will post 1.95 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VIPS. Vanguard Group Inc. lifted its holdings in shares of Vipshop by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company’s stock valued at $188,060,000 after purchasing an additional 79,254 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Vipshop by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company’s stock worth $149,619,000 after acquiring an additional 139,320 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Vipshop by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company’s stock worth $108,608,000 after acquiring an additional 993,042 shares during the last quarter. Invesco Ltd. boosted its stake in Vipshop by 28.4% in the 4th quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company’s stock worth $104,516,000 after purchasing an additional 1,718,159 shares in the last quarter. Finally, Norges Bank bought a new stake in Vipshop during the 4th quarter valued at about $64,115,000. Hedge funds and other 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.