Vipshop (NYSE:VIPS) Sets New 1-Year Low – What’s Next?

Vipshop Holdings Limited (NYSE:VIPS) shares reached a new 52-week low on Wednesday . The company traded as low as $12.57 and last traded at $12.6350, with a volume of 680794 shares traded. The stock had previously closed at $13.03.

Analysts Set New Price Targets

A number of research firms recently commented on VIPS. UBS Group set a $18.50 price target on shares of Vipshop and gave the stock a “buy” rating in a research report on Friday, May 22nd. Zacks Research lowered shares of Vipshop from a “hold” rating to a “strong sell” rating in a research report on Friday, August 28th. Wall Street Zen lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Morgan Stanley set a $16.00 target price on shares of Vipshop in a report on Wednesday, August 26th. Finally, Bank of America reiterated an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $18.52.

Vipshop Stock Performance

The firm’s fifty day simple moving average is $14.23 and its 200 day simple moving average is $14.68. The stock has a market capitalization of $6.05 billion, a P/E ratio of 4.18, a price-to-earnings-growth ratio of 2.03 and a beta of 0.67.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Tuesday, August 25th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.47). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. Vipshop had a return on equity of 12.63% and a net margin of 9.88%. Analysts anticipate that Vipshop Holdings Limited will post 1.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vipshop

Large investors have recently modified their holdings of the business. WINTON GROUP Ltd bought a new position in shares of Vipshop in the 2nd quarter valued at $411,000. Engineers Gate Manager LP lifted its position in shares of Vipshop by 747.0% during the 2nd quarter. Engineers Gate Manager LP now owns 172,668 shares of the technology company’s stock worth $2,290,000 after buying an additional 152,282 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Vipshop during the 2nd quarter worth $58,000. Maven Securities LTD acquired a new stake in Vipshop in the second quarter valued at about $1,853,000. Finally, Squarepoint Ops LLC boosted its stake in Vipshop by 72.1% in the second quarter. Squarepoint Ops LLC now owns 204,344 shares of the technology company’s stock valued at $2,710,000 after buying an additional 85,575 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Company Profile

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.