Vipshop (NYSE:VIPS) Hits New 1-Year Low – Time to Sell?

Vipshop Holdings Limited (NYSE:VIPS)’s share price hit 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 changing hands. The stock had previously closed at $13.03.

Analysts Set New Price Targets

Several brokerages recently weighed in on VIPS. Barclays cut their price objective on shares of Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, August 27th. UBS Group set a $18.50 target price on Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. Morgan Stanley set a $16.00 price objective on shares of Vipshop in a research report on Wednesday, August 26th. Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Finally, Nomura reissued a “neutral” rating and set a $14.00 price target on shares of Vipshop in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vipshop has a consensus rating of “Hold” and a consensus target price of $18.52.

Vipshop Stock Down 3.1%

The business has a fifty day moving average of $14.23 and a 200 day moving average of $14.68. The firm has a market cap of $6.05 billion, a P/E ratio of 4.18, a PEG ratio of 2.03 and a beta of 0.67.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Tuesday, August 25th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.47). Vipshop had a net margin of 9.88% and a return on equity of 12.63%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Research analysts expect that Vipshop Holdings Limited will post 1.67 EPS for the current year.

Hedge Funds Weigh In On Vipshop

Large investors have recently modified their holdings of the stock. Arax Advisory Partners boosted its holdings in shares of Vipshop by 96.8% during the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after buying an additional 692 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 acquiring an additional 2,118 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 acquiring an additional 1,864 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Vipshop in the second quarter valued at approximately $58,000. Finally, State of Wyoming increased its stake in shares of Vipshop by 10,007.7% during the first quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock worth $103,000 after purchasing an additional 6,505 shares during the period. 48.82% of the stock is owned by institutional investors.

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.