Causeway Capital Management LLC Sells 1,594,381 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Causeway Capital Management LLC decreased its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 84.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 301,815 shares of the technology company’s stock after selling 1,594,381 shares during the quarter. Causeway Capital Management LLC owned approximately 0.06% of Vipshop worth $4,065,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Vipshop by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company’s stock valued at $188,060,000 after buying an additional 79,254 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Vipshop by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company’s stock valued at $149,619,000 after acquiring an additional 139,320 shares during the last quarter. Invesco Ltd. increased its position in Vipshop by 28.4% during the 4th quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company’s stock valued at $104,516,000 after purchasing an additional 1,718,159 shares during the period. Norges Bank bought a new position in Vipshop during the 4th quarter worth approximately $64,115,000. Finally, Polaris Capital Management LLC acquired a new position in shares of Vipshop in the 4th quarter worth approximately $63,095,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup cut shares of Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Tuesday, April 1st. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Barclays upped their target price on Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.30.

Vipshop Trading Down 4.1 %

Shares of NYSE VIPS opened at $12.60 on Monday. The firm has a market capitalization of $6.47 billion, a P/E ratio of 6.03, a P/E/G ratio of 1.52 and a beta of 0.53. The firm’s 50-day moving average price is $15.39 and its 200-day moving average price is $14.62. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $17.94.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.82 billion. Equities research analysts forecast that Vipshop Holdings Limited will post 1.95 EPS for the current year.

Vipshop Dividend Announcement

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

About Vipshop

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.