Vipshop (NYSE:VIPS) Reaches New 52-Week Low – What’s Next?

Vipshop Holdings Limited (NYSE:VIPSGet Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $12.30 and last traded at $12.3990, with a volume of 5217 shares changing hands. The stock had previously closed at $12.44.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VIPS shares. Morgan Stanley set a $16.00 price target on Vipshop in a report on Wednesday, August 26th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. UBS Group set a $18.50 price objective on shares of Vipshop and gave the company a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Vipshop in a research note on Friday, August 21st. Finally, Nomura restated a “neutral” rating and issued a $14.00 price target on shares of Vipshop in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.85.

Check Out Our Latest Analysis on VIPS

Vipshop Trading Down 0.6%

The company has a market cap of $5.92 billion, a P/E ratio of 4.10, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67. The company’s 50-day moving average price is $14.16 and its two-hundred day moving average price is $14.55.

Vipshop (NYSE:VIPSGet Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.47). The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Vipshop had a net margin of 9.88% and a return on equity of 12.63%. Equities analysts forecast that Vipshop Holdings Limited will post 1.67 earnings per share for the current year.

Institutional Trading of Vipshop

Several hedge funds and other institutional investors have recently modified their holdings of VIPS. LSV Asset Management grew its stake in shares of Vipshop by 7.5% in the 4th quarter. LSV Asset Management now owns 5,939,813 shares of the technology company’s stock valued at $105,075,000 after buying an additional 415,000 shares in the last quarter. Carmignac Gestion raised its position in Vipshop by 7.7% during the first quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company’s stock valued at $70,510,000 after acquiring an additional 319,375 shares in the last quarter. Todd Asset Management LLC lifted its stake in Vipshop by 5.8% in the fourth quarter. Todd Asset Management LLC now owns 2,766,841 shares of the technology company’s stock valued at $48,946,000 after acquiring an additional 151,732 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Vipshop by 0.4% in the first quarter. Hsbc Holdings PLC now owns 2,327,725 shares of the technology company’s stock valued at $36,592,000 after acquiring an additional 9,395 shares during the last quarter. Finally, Norges Bank bought a new stake in Vipshop in the fourth quarter worth approximately $27,631,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Company Profile

(Get Free Report)

Vipshop Holdings Limited operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, primarily through limited-time and special-sale events.

Its merchandise categories include apparel, footwear, accessories, cosmetics, home and lifestyle products, consumer electronics, and other general merchandise. Vipshop sources products from brands, retailers, and distributors and provides online shopping, order fulfillment, and related customer services.

Founded in 2008, Vipshop has focused on serving consumers in mainland China with discounted branded goods.

Recommended Stories

Receive News & Ratings for Vipshop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop and related companies with MarketBeat.com's FREE daily email newsletter.