Analysts Set Vipshop Holdings Limited (NYSE:VIPS) Price Target at $21.13

Vipshop Holdings Limited (NYSE:VIPS) has received an average rating of “Moderate Buy” from the four analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and three have issued a buy rating on 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.

Several equities research analysts have issued reports on the company. Citigroup increased their price target on Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Benchmark reiterated a “buy” rating and set a $29.00 price objective on shares of Vipshop in a report on Thursday, February 29th. HSBC decreased their price objective on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Finally, StockNews.com upgraded Vipshop from a “buy” rating to a “strong-buy” rating in a report on Friday, April 19th.

Vipshop Trading Down 0.4 %

NYSE VIPS opened at $15.74 on Tuesday. The stock has a 50-day simple moving average of $16.99 and a 200 day simple moving average of $16.28. The company has a market capitalization of $9.22 billion, a PE ratio of 7.75 and a beta of 0.41. Vipshop has a 12 month low of $13.80 and a 12 month high of $20.19.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $5.15. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The company had revenue of $34.67 billion during the quarter, compared to the consensus estimate of $33.18 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, sell-side analysts predict that Vipshop will post 2.24 earnings per share for the current fiscal year.

Vipshop Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Vipshop in the fourth quarter valued at approximately $70,333,000. FIL Ltd increased its stake in shares of Vipshop by 31.2% during the fourth 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 period. Goldman Sachs Group Inc. increased its stake in shares of Vipshop by 28.0% during the fourth 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 period. Ariose Capital Management Ltd bought a new position in shares of Vipshop during the fourth quarter worth approximately $35,498,000. Finally, Krane Funds Advisors LLC increased its stake in shares of Vipshop by 14.2% during the third 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 period. 48.82% of the stock is owned by institutional investors and hedge funds.

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.