Vipshop Holdings Limited (NYSE:VIPS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS) have received an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $15.75.

A number of equities analysts have commented on the company. Barclays raised their price objective on Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Finally, Citigroup cut their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th.

Hedge Funds Weigh In On Vipshop

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lingohr Asset Management GmbH acquired a new position in shares of Vipshop during the third quarter worth $921,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Vipshop by 179.5% during the 3rd 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 worth $62,670,000 after buying an additional 2,558,896 shares during the period. FMR LLC lifted its holdings in Vipshop by 8.5% during the 3rd quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock worth $32,579,000 after buying an additional 162,027 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Vipshop by 9.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,059 shares of the technology company’s stock valued at $13,340,000 after buying an additional 75,590 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Vipshop by 19.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company’s stock valued at $27,508,000 after buying an additional 290,583 shares during the period. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Up 1.3 %

Shares of NYSE VIPS opened at $17.14 on Friday. Vipshop has a twelve month low of $11.50 and a twelve month high of $18.08. The company has a market cap of $8.80 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30. The business’s 50 day moving average price is $14.39 and its two-hundred day moving average price is $14.11.

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

Vipshop Announces Dividend

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