Vipshop (VIPS) Sets New 12-Month Low at $4.30

Vipshop Holdings Ltd – (NYSE:VIPS) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.30 and last traded at $4.52, with a volume of 240842 shares trading hands. The stock had previously closed at $4.50.

A number of equities research analysts have recently issued reports on VIPS shares. Benchmark cut their price objective on shares of Vipshop to $12.00 and set a “buy” rating for the company in a research report on Wednesday, August 15th. Zacks Investment Research raised shares of Vipshop from a “sell” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Wednesday, October 17th. ValuEngine raised shares of Vipshop from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Goldman Sachs Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and set a $14.30 price objective for the company. in a research report on Wednesday, July 11th. Finally, JPMorgan Chase & Co. downgraded shares of Vipshop from an “overweight” rating to a “neutral” rating and set a $6.00 price objective for the company. in a research report on Tuesday, October 9th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.21.

The company has a market cap of $3.10 billion, a price-to-earnings ratio of 7.81 and a beta of 1.66.



Vipshop (NYSE:VIPS) last released its earnings results on Monday, August 13th. The technology company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.73. Vipshop had a net margin of 2.78% and a return on equity of 15.75%. The company had revenue of $20.74 billion for the quarter, compared to analysts’ expectations of $21.23 billion. During the same quarter in the previous year, the company earned $1.18 EPS. Vipshop’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, equities research analysts forecast that Vipshop Holdings Ltd – will post 0.41 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VIPS. OppenheimerFunds Inc. lifted its stake in shares of Vipshop by 1,559.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 20,698,567 shares of the technology company’s stock valued at $224,580,000 after buying an additional 19,451,180 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Vipshop by 27.2% during the 2nd quarter. Schroder Investment Management Group now owns 24,751,215 shares of the technology company’s stock valued at $267,808,000 after buying an additional 5,294,013 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Vipshop by 3,978.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,017,010 shares of the technology company’s stock worth $54,435,000 after purchasing an additional 4,894,000 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Vipshop in the 2nd quarter worth $45,847,000. Finally, Global Thematic Partners LLC lifted its stake in Vipshop by 63.1% in the 3rd quarter. Global Thematic Partners LLC now owns 6,382,543 shares of the technology company’s stock worth $39,825,000 after purchasing an additional 2,468,257 shares in the last quarter. Institutional investors own 49.76% of the company’s stock.

Vipshop Company Profile (NYSE:VIPS)

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.

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