Could Vipshop Holdings Limited (VIPS) Change Direction After Today’s Significant Increase?

The stock of Vipshop Holdings Limited (NYSE:VIPS) is a huge mover today! The stock increased 15.02% or $0.94 during the last trading session, reaching $7.2. About 22.85 million shares traded or 272.23% up from the average. Vipshop Holdings Limited (NYSE:VIPS) has declined 21.24% since August 15, 2018 and is downtrending. It has underperformed by 21.24% the S&P500.
The move comes after 8 months positive chart setup for the $4.79B company. It was reported on Aug, 15 by Barchart.com. We have $7.56 PT which if reached, will make NYSE:VIPS worth $239.60 million more.

Vipshop Holdings Limited (NYSE:VIPS) Ratings Coverage

Among 5 analysts covering Vipshop Holdings (NYSE:VIPS), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Vipshop Holdings has $11 highest and $5.9 lowest target. $7.55’s average target is 4.86% above currents $7.2 stock price. Vipshop Holdings had 9 analyst reports since February 19, 2019 according to SRatingsIntel. The firm earned “Sell” rating on Thursday, February 21 by CLSA. The firm has “Hold” rating given on Friday, February 22 by Nomura. The stock of Vipshop Holdings Limited (NYSE:VIPS) earned “Overweight” rating by KeyBanc Capital Markets on Friday, April 5. Macquarie Research downgraded Vipshop Holdings Limited (NYSE:VIPS) on Friday, February 22 to “Neutral” rating.

More notable recent Vipshop Holdings Limited (NYSE:VIPS) news were published by: Seekingalpha.com which released: “Vipshop +2.2% as Citi upgrades on margin potential – Seeking Alpha” on May 28, 2019, also Seekingalpha.com with their article: “Why We’re Not Shopping At Vipshop – Seeking Alpha” published on December 07, 2018, Seekingalpha.com published: “Vipshop +9.4% after adjusted profits rise 84% – Seeking Alpha” on August 14, 2019. More interesting news about Vipshop Holdings Limited (NYSE:VIPS) were released by: Finance.Yahoo.com and their article: “How Did Vipshop Holdings Limited’s (NYSE:VIPS) 12% ROE Fare Against The Industry? – Yahoo Finance” published on May 20, 2019 as well as Seekingalpha.com‘s news article titled: “Vipshop Holdings – From Growth To Value! (Video) – Seeking Alpha” with publication date: September 11, 2018.

Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China. The company has market cap of $4.79 billion. 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. It has a 14.94 P/E ratio. The firm also provides handbags, such as purses, satchels, duffel bags, and wallets; apparel, gear and accessories, furnishings and decor, toys, and games for boys, girls, infants, and toddlers of all age groups; sports apparel, and sports gear, and footwear for tennis, badminton, soccer, and swimming; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and nail polish.

Vipshop Holdings Limited (NYSE:VIPS) Ratings Chart

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