Stocks of Vipshop Holdings Limited (NYSE:VIPS) traded higher last session on Wall Street, up 5.31% to $9.71.
According to the data, Vipshop Holdings Limited (NYSE:VIPS) has 25 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $108.43 and a low of $54.03, we find $78.95. Given the previous closing price of $9.22, this indicates a potential upside of 756.29 percent. VIPS stock price is now 15.30% away from the 50-day moving average and 7.38% away from the 200-day moving average. The market capitalization of the company currently stands at $6.20B.
A total of 12 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $80.61 as their price target over the next twelve months.
With the price target enhanced from $10.30 to $12, Credit Suisse Upgraded its rating from Neutral to Outperform for Vipshop Holdings Limited (NYSE: VIPS). On August 22, 2022, Citigroup Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $7.80 to quote $10.90, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
A total of 1.51% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VIPS stock. A new stake in Vipshop Holdings Limited shares was purchased by TORQ CAPITAL MANAGEMENT (HK) LTD during the first quarter worth $25,605,000. POLUNIN CAPITAL PARTNERS LTD invested $23,053,000 in shares of VIPS during the first quarter. In the first quarter, CLARK CAPITAL MANAGEMENT GROUP, INC. acquired a new stake in Vipshop Holdings Limited valued at approximately $20,950,000. ORIGIN ASSET MANAGEMENT LLP acquired a new stake in VIPS for approximately $15,771,000. BALYASNY ASSET MANAGEMENT LLC purchased a new stake in VIPS valued at around $10,326,000 in the second quarter. In total, there are 463 active investors with 68.20% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $9.50 for Vipshop Holdings Limited (NYSE: VIPS). During the past 12 months, Vipshop Holdings Limited has had a low of $5.75 and a high of $11.97. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 1.30, and a quick ratio of 1.10. The fifty day moving average price for VIPS is $8.40 and a two-hundred day moving average price translates $9.04 for the stock.
The latest earnings results from Vipshop Holdings Limited (NYSE: VIPS) was released for Jun, 2022. According to the Internet Retail Company, earnings per share came in at $0.34, beating analysts’ expectations of $0.2 by 0.14. This compares to $0.14 EPS in the same period last year. The net profit margin was 4.10% and return on equity was 13.70% for VIPS. The company reported revenue of $3.04 billion for the quarter, compared to $3.87 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.44 percent. For the current quarter, analysts expect VIPS to generate $3.04B in revenue.
Vipshop Holdings Limited(VIPS) Company Profile
Vipshop Holdings Limited operates online platforms for various brands in the People’s Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women’s apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men’s apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items. It also provides shoes and bags, which comprises casual and formal shoes, purses, satchels, luggage, duffel bags, and wallets; handbags; apparel, gears and accessories, furnishings and decor, toys, and games for boys, girls, infants, and toddlers; sportswear, sports gear, and footwear for various sporting activities; home furnishings, such as bed and bath products, home decor, kitchen and tabletop items, and home appliances; and consumer electronic products. In addition, the company offers food and snacks, beverages, fresh produce, and pet goods; beauty products; and internet finance services, including consumer and supplier financing, and microcredit. Vipshop Holdings Limited provides its branded products through its vip.com and vipshop.com online platforms, as well as through its internet website and cellular phone application. Further, it offers warehousing, logistics, product procurement, research and development, technology development, and consulting services; software development and information technology support solutions; and supply chain services. Vipshop Holdings Limited was founded in 2008 and is headquartered in Guangzhou, the People’s Republic of China.