Vipshop (NYSE:VIPS) Sets New 12-Month Low at $12.96

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

Analyst Upgrades and Downgrades

VIPS has been the subject of a number of research analyst reports. Citigroup reduced their price objective on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. HSBC reduced their price objective on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. StockNews.com cut shares of Vipshop from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. Finally, Benchmark lowered shares of Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.67.

Vipshop Stock Up 0.6 %

The business’s fifty day simple moving average is $15.69 and its two-hundred day simple moving average is $16.41. The company 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 announced its earnings results on Wednesday, May 22nd. The technology company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. Sell-side analysts predict that Vipshop Holdings Limited will post 2.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VIPS. Vanguard Group Inc. raised its stake in Vipshop by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock valued at $227,772,000 after purchasing an additional 248,743 shares during the last quarter. FIL Ltd boosted its holdings in Vipshop by 31.2% in the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after acquiring an additional 2,593,670 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Vipshop by 28.0% during the 4th 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 during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Vipshop by 0.8% during the 1st 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 during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Vipshop by 0.9% during the 4th 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 during 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.