Vipshop (NYSE:VIPS) Hits New 1-Year Low at $12.96

Vipshop Holdings Limited (NYSE:VIPS)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $12.96 and last traded at $12.97, with a volume of 1505807 shares changing hands. The stock had previously closed at $13.02.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on VIPS shares. Benchmark downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Citigroup reduced their price objective on Vipshop from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. HSBC reduced their price objective on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Finally, StockNews.com downgraded Vipshop from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

Vipshop Stock Up 0.6 %

The business has a 50-day moving average of $15.69 and a 200-day moving average of $16.41. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 6.04 and a beta of 0.32.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, May 22nd. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. Vipshop had a return on equity of 23.74% and a net margin of 7.60%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Equities analysts anticipate that Vipshop Holdings Limited will post 2.17 earnings per share for the current year.

Institutional Trading of Vipshop

Several hedge funds have recently added to or reduced their stakes in VIPS. Vanguard Group Inc. grew its holdings in Vipshop by 1.8% during the first quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock worth $227,772,000 after purchasing an additional 248,743 shares during the period. FIL Ltd raised its position in shares of Vipshop by 31.2% in the fourth quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock valued at $193,792,000 after buying an additional 2,593,670 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Vipshop by 28.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock valued at $184,600,000 after buying an additional 2,273,198 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Vipshop by 0.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,375,051 shares of the technology company’s stock valued at $105,507,000 after buying an additional 52,842 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Vipshop by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,154,041 shares of the technology company’s stock valued at $91,536,000 after buying an additional 47,004 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.