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

Vipshop Holdings Limited (NYSE:VIPS) shares reached 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 traded. The stock had previously closed at $13.03.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Barclays lowered their target price on shares of Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Morgan Stanley set a $16.00 price target on Vipshop in a research note on Wednesday, August 26th. Bank of America reissued an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Finally, Nomura restated a “neutral” rating and issued a $14.00 price objective on shares of Vipshop in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.85.

Vipshop Stock Performance

The business’s fifty day simple moving average is $14.19 and its 200-day simple moving average is $14.61. The firm has a market capitalization of $6.02 billion, a PE ratio of 4.16, a price-to-earnings-growth ratio of 1.92 and a beta of 0.67.

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

Institutional Trading of Vipshop

Several hedge funds have recently bought and sold shares of VIPS. FIL Ltd increased its holdings in shares of Vipshop by 2.6% in the fourth quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock worth $334,184,000 after purchasing an additional 483,842 shares during the last quarter. Invesco Ltd. boosted its stake in Vipshop by 0.9% during the fourth quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock valued at $298,335,000 after buying an additional 148,970 shares during the last quarter. Orbis Allan Gray Ltd boosted its stake in Vipshop by 12.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock valued at $191,316,000 after buying an additional 1,227,325 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Vipshop by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,616,834 shares of the technology company’s stock valued at $152,493,000 after buying an additional 149,268 shares in the last quarter. Finally, State Street Corp grew its holdings in Vipshop by 2.7% during the 4th quarter. State Street Corp now owns 7,209,767 shares of the technology company’s stock valued at $127,541,000 after buying an additional 187,951 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

Vipshop Holdings Limited operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, primarily through limited-time and special-sale events.

Its merchandise categories include apparel, footwear, accessories, cosmetics, home and lifestyle products, consumer electronics, and other general merchandise. Vipshop sources products from brands, retailers, and distributors and provides online shopping, order fulfillment, and related customer services.

Founded in 2008, Vipshop has focused on serving consumers in mainland China with discounted branded goods.