Barclays Raises Vipshop (NYSE:VIPS) Price Target to $20.00

Vipshop (NYSE:VIPS) had its target price lifted by research analysts at Barclays from $19.00 to $20.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Barclays‘s price target suggests a potential upside of 40.30% from the company’s current price.

Several other research analysts have also issued reports on VIPS. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a report on Friday. Citigroup lowered their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Vipshop currently has an average rating of “Hold” and a consensus target price of $17.64.

Vipshop Stock Down 3.2 %

Shares of NYSE VIPS opened at $14.26 on Tuesday. The firm has a market cap of $7.32 billion, a PE ratio of 6.82, a P/E/G ratio of 1.52 and a beta of 0.30. The company’s fifty day simple moving average is $14.00 and its 200 day simple moving average is $13.99. Vipshop has a 12-month low of $11.50 and a 12-month high of $20.19.

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

Institutional Investors Weigh In On Vipshop

Institutional investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC purchased a new position in Vipshop during the 3rd quarter worth $56,000. Blue Trust Inc. lifted its position in shares of Vipshop by 17.5% during the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock valued at $134,000 after purchasing an additional 1,487 shares in the last quarter. Jump Financial LLC bought a new position in shares of Vipshop during the fourth quarter valued at about $161,000. Atomi Financial Group Inc. boosted its holdings in Vipshop by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,191 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in Vipshop in the 4th quarter worth about $165,000. Institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

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.