Vipshop (NYSE:VIPS) Reaches New 12-Month Low – Should You Sell?

Vipshop Holdings Limited (NYSE:VIPS) reached a new 52-week low on Friday . The stock traded as low as $13.62 and last traded at $13.6550, with a volume of 960458 shares. The stock had previously closed at $13.85.

Wall Street Analysts Forecast Growth

VIPS has been the subject of several recent analyst reports. Bank of America restated an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. Weiss Ratings cut Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. cut their target price on Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Jefferies Financial Group restated a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. Finally, Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.20.

Vipshop Trading Down 2.1%

The firm has a market capitalization of $6.49 billion, a P/E ratio of 6.35, a price-to-earnings-growth ratio of 1.42 and a beta of 0.64. The company has a 50-day moving average of $14.76 and a 200-day moving average of $16.83.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Arax Advisory Partners increased its position in Vipshop by 96.8% in the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after buying an additional 692 shares in the last quarter. Richardson Financial Services Inc. boosted its stake in Vipshop by 153.8% during the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock valued at $36,000 after buying an additional 1,250 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Vipshop by 8,472.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock valued at $38,000 after buying an additional 2,118 shares during the period. Cooper Investors PTY Ltd. bought a new stake in Vipshop during the fourth quarter valued at $58,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Vipshop by 100.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after buying an additional 1,864 shares during the period. 48.82% of the stock is owned by institutional investors.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.