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

Vipshop Holdings Limited (NYSE:VIPS)’s share price hit a new 52-week low on Tuesday . The company traded as low as $13.11 and last traded at $13.2390, with a volume of 1729357 shares changing hands. The stock had previously closed at $13.33.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Weiss Ratings downgraded Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. UBS Group set a $18.50 price objective on Vipshop and gave the stock a “buy” rating in a report on Friday, May 22nd. Jefferies Financial Group reissued a “buy” rating on shares of Vipshop in a report on Thursday, February 26th. Finally, Nomura raised 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 analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.20.

Vipshop Price Performance

The company has a 50-day moving average of $14.31 and a two-hundred day moving average of $16.34. The company has a market capitalization of $6.34 billion, a PE ratio of 6.22, a P/E/G ratio of 1.34 and a beta of 0.64.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mariner LLC raised its stake in Vipshop by 3.2% during the 3rd quarter. Mariner LLC now owns 18,308 shares of the technology company’s stock worth $360,000 after acquiring an additional 561 shares during the period. Arax Advisory Partners lifted its holdings in Vipshop by 96.8% during the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after purchasing an additional 692 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Vipshop by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 126,881 shares of the technology company’s stock worth $2,492,000 after purchasing an additional 787 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of Vipshop by 1.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 63,826 shares of the technology company’s stock worth $1,129,000 after purchasing an additional 949 shares during the period. Finally, Lester Murray Antman dba SimplyRich increased its stake in shares of Vipshop by 0.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 147,719 shares of the technology company’s stock worth $2,613,000 after purchasing an additional 966 shares in the last quarter. 48.82% of the stock is currently 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.