Vipshop (NYSE:VIPS) Sets New 52-Week Low at $11.96

Vipshop Holdings Limited (NYSE:VIPS) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $11.96 and last traded at $12.23, with a volume of 13493869 shares traded. The stock had previously closed at $12.86.

Several research analysts have recently issued reports on VIPS shares. Zacks Investment Research cut Vipshop from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 25th. Credit Suisse Group cut Vipshop from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $29.00 to $16.00 in a research note on Thursday, August 19th. UBS Group cut Vipshop from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $17.00 in a research note on Friday, September 3rd. Finally, Benchmark decreased their price target on Vipshop from $37.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vipshop presently has a consensus rating of “Hold” and a consensus target price of $28.27.

The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 8.86 and a beta of 0.56. The company has a fifty day moving average price of $15.93 and a two-hundred day moving average price of $23.45.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Tuesday, August 17th. The technology company reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $1.80. The business had revenue of $29.61 billion during the quarter, compared to analyst estimates of $29.64 billion. Vipshop had a return on equity of 21.13% and a net margin of 5.40%. The company’s revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.92 earnings per share. Research analysts predict that Vipshop Holdings Limited will post 1.38 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of Vipshop during the second quarter valued at $27,000. SRS Capital Advisors Inc. purchased a new stake in shares of Vipshop during the second quarter valued at $30,000. Huntington National Bank lifted its holdings in shares of Vipshop by 141.2% during the second quarter. Huntington National Bank now owns 2,499 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,463 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Vipshop by 36.1% during the first quarter. Quadrant Capital Group LLC now owns 2,026 shares of the technology company’s stock valued at $60,000 after purchasing an additional 537 shares during the last quarter. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of Vipshop by 52.5% during the second quarter. FinTrust Capital Advisors LLC now owns 3,278 shares of the technology company’s stock valued at $66,000 after purchasing an additional 1,128 shares during the last quarter. 47.36% of the stock is owned by institutional investors and hedge funds.

Vipshop Company Profile (NYSE:VIPS)

VipShop Holdings Ltd. engages in the provision of online products sales and distributions services. It offers womenswear; menswear; footwear; accessories; handbags; apparel for children; sportswear and sporting goods; cosmetic goods; home and lifestyle products; luxury goods; and gifts and miscellaneous.

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