Vipshop (VIPS) Stock Price Down 7.6%

Vipshop Holdings Ltd – (NYSE:VIPS)’s share price fell 7.6% during mid-day trading on Monday . The stock traded as low as $5.97 and last traded at $6.05. 13,195,300 shares changed hands during mid-day trading, an increase of 32% from the average session volume of 9,977,693 shares. The stock had previously closed at $6.55.

Several research firms have recently issued reports on VIPS. Daiwa Capital Markets lowered Vipshop from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $16.00 to $8.00 in a research report on Tuesday, August 14th. ValuEngine raised Vipshop from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Goldman Sachs Group lowered Vipshop from a “buy” rating to a “neutral” rating and set a $14.30 price target for the company. in a research report on Wednesday, July 11th. Zacks Investment Research lowered Vipshop from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Finally, CLSA raised Vipshop from an “underperform” rating to an “outperform” rating in a research report on Tuesday, June 26th. Six analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Vipshop currently has a consensus rating of “Hold” and an average price target of $14.65.

The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 10.41 and a beta of 1.75.

Vipshop (NYSE:VIPS) last issued its earnings results on Monday, August 13th. The technology company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.73. Vipshop had a return on equity of 15.75% and a net margin of 2.78%. The business had revenue of $20.74 billion during the quarter, compared to analyst estimates of $21.23 billion. During the same quarter in the previous year, the firm earned $1.18 EPS. Vipshop’s revenue was up 18.4% on a year-over-year basis. sell-side analysts predict that Vipshop Holdings Ltd – will post 0.4 EPS for the current year.

A number of large investors have recently modified their holdings of the business. Levin Capital Strategies L.P. bought a new stake in shares of Vipshop during the 2nd quarter valued at about $108,000. Wexford Capital LP bought a new stake in shares of Vipshop during the 1st quarter valued at about $181,000. Greenleaf Trust bought a new stake in shares of Vipshop during the 2nd quarter valued at about $122,000. Bridgewater Associates LP bought a new stake in shares of Vipshop during the 2nd quarter valued at about $137,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Vipshop during the 2nd quarter valued at about $183,000. 50.06% of the stock is owned by institutional investors and hedge funds.

About Vipshop (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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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