Vipshop Holdings Limited (NYSE:VIPS) Receives $15.30 Average Price Target from Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been assigned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $15.30.

A number of research firms have recently weighed in on VIPS. Citigroup cut shares of Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Tuesday, April 1st. Barclays increased their target price on shares of Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st.

Vipshop Price Performance

Shares of Vipshop stock opened at $14.08 on Wednesday. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 1.52 and a beta of 0.53. The firm’s fifty day simple moving average is $15.61 and its 200-day simple moving average is $14.66. Vipshop has a 12 month low of $11.50 and a 12 month high of $17.94.

Vipshop (NYSE:VIPS) last released its earnings results on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $3.82 billion. Analysts anticipate that Vipshop will post 1.95 earnings per share for the current year.

Vipshop Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a $0.43 dividend. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th. Vipshop’s dividend payout ratio (DPR) is presently 24.24%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in Vipshop by 19.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company’s stock worth $27,508,000 after purchasing an additional 290,583 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Vipshop by 4.2% during the third quarter. The Manufacturers Life Insurance Company now owns 76,431 shares of the technology company’s stock worth $1,202,000 after buying an additional 3,062 shares in the last quarter. FMR LLC raised its position in shares of Vipshop by 8.5% in the third quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock valued at $32,579,000 after buying an additional 162,027 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Vipshop by 179.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock valued at $62,670,000 after buying an additional 2,558,896 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Vipshop during the third quarter worth approximately $6,331,000. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.