Vipshop (NYSE:VIPS) Stock Price Down 3.3%

Shares of Vipshop Holdings Limited (NYSE:VIPS) fell 3.3% during mid-day trading on Tuesday . The stock traded as low as $15.99 and last traded at $16.05. 1,312,741 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 3,462,938 shares. The stock had previously closed at $16.60.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VIPS. TheStreet upgraded Vipshop from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Citigroup boosted their target price on Vipshop from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. HSBC cut their price objective on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research report on Thursday. StockNews.com upgraded shares of Vipshop from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 16th. Finally, Benchmark restated a “buy” rating and issued a $29.00 price objective on shares of Vipshop in a research note on Thursday, February 29th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $20.59.

Vipshop Stock Performance

The company’s fifty day moving average price is $16.86 and its 200 day moving average price is $16.09. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 8.21 and a beta of 0.43.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 EPS for the quarter, beating the consensus estimate of $0.64 by $5.15. The business had revenue of $34.67 billion during 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 quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. As a group, sell-side analysts expect that Vipshop Holdings Limited will post 2.24 earnings per share for the current year.

Vipshop Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Monday, April 8th. Stockholders of record on Friday, March 15th will be issued a $0.43 dividend. This represents a dividend yield of 2.3%. The ex-dividend date is Thursday, March 14th. Vipshop’s dividend payout ratio (DPR) is presently 20.20%.

Institutional Investors Weigh In On Vipshop

Several hedge funds have recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. lifted its position in Vipshop by 136.5% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 263,691 shares of the technology company’s stock worth $2,136,000 after buying an additional 152,189 shares in the last quarter. American Century Companies Inc. boosted its holdings in Vipshop by 13.9% in the 1st quarter. American Century Companies Inc. now owns 183,326 shares of the technology company’s stock valued at $1,650,000 after purchasing an additional 22,392 shares during the period. HighTower Advisors LLC bought a new stake in Vipshop in the 1st quarter valued at $108,000. Great West Life Assurance Co. Can lifted its holdings in shares of Vipshop by 3.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 658,785 shares of the technology company’s stock worth $6,197,000 after acquiring an additional 21,100 shares during the period. Finally, Yousif Capital Management LLC bought a new position in shares of Vipshop during the 1st quarter worth about $146,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

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