Vipshop Holdings Limited (NYSE:VIPS) Given Average Rating of “Moderate Buy” by Analysts

Vipshop Holdings Limited (NYSE:VIPS) has been assigned a consensus recommendation of “Moderate Buy” from the four analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $21.13.

A number of brokerages recently weighed in on VIPS. Benchmark reaffirmed a “buy” rating and set a $29.00 price objective on shares of Vipshop in a research report on Thursday, February 29th. StockNews.com raised shares of Vipshop from a “buy” rating to a “strong-buy” rating in a research report on Friday. Citigroup boosted their price objective on shares of Vipshop from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, HSBC lowered their price objective on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a research report on Thursday, March 28th.

Institutional Trading of Vipshop

Several institutional investors and hedge funds have recently added to or reduced their stakes in VIPS. Vanguard Group Inc. boosted its position in Vipshop by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 13,513,926 shares of the technology company’s stock worth $240,007,000 after acquiring an additional 1,154,149 shares during the period. Krane Funds Advisors LLC increased its stake in shares of Vipshop by 14.2% during the 3rd quarter. Krane Funds Advisors LLC now owns 13,062,322 shares of the technology company’s stock worth $209,128,000 after purchasing an additional 1,622,703 shares during the last quarter. FIL Ltd increased its stake in shares of Vipshop by 31.2% during the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after purchasing an additional 2,593,670 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Vipshop by 28.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after purchasing an additional 2,273,198 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Vipshop by 0.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,375,051 shares of the technology company’s stock worth $105,507,000 after purchasing an additional 52,842 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Price Performance

Shares of VIPS stock opened at $15.60 on Tuesday. Vipshop has a 12 month low of $13.80 and a 12 month high of $20.19. The firm has a market capitalization of $9.14 billion, a P/E ratio of 7.68 and a beta of 0.41. The company’s fifty day moving average price is $17.03 and its two-hundred day moving average price is $16.28.

Vipshop (NYSE:VIPS) last issued its earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $5.15. The business had revenue of $34.67 billion for the quarter, compared to analyst estimates of $33.18 billion. Vipshop had a net margin of 7.20% and a return on equity of 23.19%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 EPS. On average, sell-side analysts anticipate that Vipshop will post 2.25 EPS for the current year.

Vipshop Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, April 8th. Investors of record on Friday, March 15th were paid a dividend of $0.43 per share. This represents a yield of 2.3%. The ex-dividend date of this dividend was Thursday, March 14th. Vipshop’s dividend payout ratio is presently 20.20%.

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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.