Vipshop (NYSE:VIPS) Sets New 52-Week Low – Here’s Why

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. UBS Group set a $18.50 price objective on shares of Vipshop and gave the stock a “buy” rating in a research note on Friday, May 22nd. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. JPMorgan Chase & Co. decreased their target price on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Weiss Ratings lowered shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Vipshop currently has a consensus rating of “Moderate Buy” and an average target price of $20.20.

Vipshop Stock Down 2.3%

The firm has a fifty day moving average price of $14.71 and a 200-day moving average price of $16.81. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 1.35 and a beta of 0.64.

Institutional Investors Weigh In On Vipshop

Several hedge funds have recently made changes to their positions in the business. Arax Advisory Partners raised its stake in Vipshop by 96.8% during the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after purchasing an additional 692 shares during the period. Richardson Financial Services Inc. raised 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 worth $36,000 after purchasing an additional 1,250 shares during the period. Caitong International Asset Management Co. Ltd raised 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 worth $38,000 after purchasing an additional 2,118 shares during the period. Cooper Investors PTY Ltd. purchased a new position in Vipshop during the fourth quarter worth approximately $58,000. Finally, EverSource Wealth Advisors LLC raised 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 worth $58,000 after purchasing an additional 1,864 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

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.