Vipshop (VIPS) Trading Down 9.5%

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Shares of Vipshop Holdings Ltd – (NYSE:VIPS) fell 9.5% during mid-day trading on Thursday . The company traded as low as $5.35 and last traded at $5.40. 7,682,605 shares were traded during mid-day trading, a decline of 20% from the average session volume of 9,555,545 shares. The stock had previously closed at $5.97.

A number of brokerages have issued reports on VIPS. ValuEngine downgraded shares of Vipshop from a “sell” rating to a “strong sell” rating in a report on Saturday, July 14th. Daiwa Capital Markets downgraded shares of Vipshop from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $16.00 to $8.00 in a report on Tuesday, August 14th. Citigroup downgraded shares of Vipshop from a “buy” rating to a “sell” rating in a report on Tuesday, August 14th. CLSA downgraded shares of Vipshop from an “outperform” rating to a “sell” rating and set a $9.00 price target on the stock. in a report on Tuesday, August 14th. Finally, Zacks Investment Research downgraded shares of Vipshop from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Vipshop currently has a consensus rating of “Hold” and a consensus target price of $11.21.

The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 8.72 and a beta of 1.71.

Vipshop (NYSE:VIPS) last posted its earnings results on Monday, August 13th. The technology company reported $0.84 earnings per share for the quarter, topping 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 firm had revenue of $20.74 billion for the quarter, compared to the consensus estimate of $21.23 billion. During the same period in the previous year, the firm posted $1.18 EPS. The business’s quarterly revenue was up 18.4% on a year-over-year basis. Analysts forecast that Vipshop Holdings Ltd – will post 0.41 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of VIPS. Guggenheim Capital LLC increased its holdings in shares of Vipshop by 122.1% in the 1st quarter. Guggenheim Capital LLC now owns 110,222 shares of the technology company’s stock worth $1,832,000 after buying an additional 60,588 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Vipshop in the 2nd quarter worth about $598,000. Bank of Montreal Can increased its holdings in shares of Vipshop by 75.5% in the 2nd quarter. Bank of Montreal Can now owns 1,336,386 shares of the technology company’s stock worth $14,499,000 after buying an additional 574,853 shares during the last quarter. Exane Derivatives bought a new stake in shares of Vipshop in the 2nd quarter worth about $1,487,000. Finally, Global Thematic Partners LLC increased its holdings in shares of Vipshop by 9.8% in the 2nd quarter. Global Thematic Partners LLC now owns 3,914,286 shares of the technology company’s stock worth $42,471,000 after buying an additional 347,812 shares during the last quarter. Hedge funds and other institutional investors own 50.13% of the company’s stock.

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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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