Vipshop (NYSE:VIPS) Reaches New 12-Month Low – Should You Sell?

Vipshop Holdings Limited (NYSE:VIPS)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $13.62 and last traded at $13.6550, with a volume of 960458 shares trading hands. The stock had previously closed at $13.85.

Wall Street Analysts Forecast Growth

VIPS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Weiss Ratings cut Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Nomura raised Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Friday, February 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. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.20.

Vipshop Price Performance

The stock has a market capitalization of $6.49 billion, a P/E ratio of 6.35, a PEG ratio of 1.42 and a beta of 0.64. The stock has a 50 day moving average price of $14.76 and a 200-day moving average price of $16.83.

Hedge Funds Weigh In On Vipshop

Large investors have recently made changes to their positions in the business. Mariner LLC boosted its holdings in Vipshop by 3.2% in the third quarter. Mariner LLC now owns 18,308 shares of the technology company’s stock worth $360,000 after purchasing an additional 561 shares during the period. D Orazio & Associates Inc. boosted its holdings in shares of Vipshop by 4.3% during the third quarter. D Orazio & Associates Inc. now owns 15,119 shares of the technology company’s stock valued at $297,000 after acquiring an additional 618 shares during the period. Arax Advisory Partners boosted its holdings in shares of Vipshop by 96.8% during the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after acquiring an additional 692 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Vipshop by 0.6% during the third quarter. Quadrant Capital Group LLC now owns 126,881 shares of the technology company’s stock valued at $2,492,000 after acquiring an additional 787 shares during the period. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Vipshop by 1.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 63,826 shares of the technology company’s stock valued at $1,129,000 after acquiring an additional 949 shares during the period. 48.82% of the stock is currently owned by hedge funds and other 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.