Vipshop (NYSE:VIPS) Sets New 1-Year Low – Should You Sell?

Shares of Vipshop Holdings Limited (NYSE:VIPS) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.30 and last traded at $12.3990, with a volume of 5217 shares changing hands. The stock had previously closed at $12.44.

Wall Street Analysts Forecast Growth

VIPS has been the topic of several analyst reports. 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 report on Thursday, August 27th. JPMorgan Chase & Co. decreased their price target on Vipshop from $21.00 to $17.00 and set an “overweight” rating for the company in a research note on Thursday, September 10th. Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a report on Monday, August 24th. Zacks Research downgraded Vipshop from a “hold” rating to a “strong sell” rating in a research note on Friday, August 28th. Finally, Morgan Stanley set a $16.00 target price on Vipshop in a report on Wednesday, August 26th. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.85.

Vipshop Price Performance

The stock’s fifty day simple moving average is $14.16 and its 200-day simple moving average is $14.55. The company has a market capitalization of $5.92 billion, a P/E ratio of 4.10, a PEG ratio of 1.91 and a beta of 0.67.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, August 26th. 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 analyst estimates of $3.64 billion. On average, research analysts predict that Vipshop Holdings Limited will post 1.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. KBC Group NV boosted its position in shares of Vipshop by 281.0% in the first quarter. KBC Group NV now owns 535,669 shares of the technology company’s stock valued at $8,421,000 after acquiring an additional 395,088 shares during the period. LSV Asset Management increased its position in Vipshop by 7.5% during the fourth quarter. LSV Asset Management now owns 5,939,813 shares of the technology company’s stock worth $105,075,000 after acquiring an additional 415,000 shares during the period. Carmignac Gestion increased its position in Vipshop by 7.7% during the first quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company’s stock worth $70,510,000 after acquiring an additional 319,375 shares during the period. SEB Asset Management AB acquired a new position in Vipshop during the 1st quarter valued at $2,862,000. Finally, Leonteq Securities AG acquired a new position in Vipshop during the 4th quarter valued at $2,150,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

About Vipshop

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.