Barclays Raises Vipshop (NYSE:VIPS) Price Target to $20.00

Vipshop (NYSE:VIPS - Free Report) had its price objective upped by Barclays from $19.00 to $20.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the technology company's stock.

Other analysts have also issued research reports about the company. StockNews.com raised Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Citigroup reduced their target price on shares of Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, November 20th. Finally, Benchmark reiterated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Vipshop presently has an average rating of "Hold" and a consensus target price of $17.64.

Vipshop Stock Down 2.5 %

Vipshop stock traded down $0.40 during mid-day trading on Tuesday, reaching $15.68. The company had a trading volume of 7,262,760 shares, compared to its average volume of 3,872,343. The company has a 50 day moving average of $14.14 and a 200-day moving average of $14.03. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.00. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 1.52 and a beta of 0.30.

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Vipshop (NYSE:VIPS - Get Free Report) last issued its earnings results on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. On average, analysts predict that Vipshop will post 1.95 earnings per share for the current fiscal year.

Vipshop Announces Dividend

The business also recently declared 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 (DPR) is 24.24%.

Institutional Investors Weigh In On Vipshop

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIPS. Creative Planning grew its stake in shares of Vipshop by 16.9% during the third quarter. Creative Planning now owns 107,026 shares of the technology company's stock valued at $1,684,000 after purchasing an additional 15,477 shares during the last quarter. abrdn plc lifted its holdings in Vipshop by 17.3% during the 3rd quarter. abrdn plc now owns 692,936 shares of the technology company's stock worth $10,914,000 after buying an additional 102,140 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in Vipshop in the 3rd quarter valued at $421,000. Van ECK Associates Corp increased its stake in shares of Vipshop by 30.1% in the 3rd quarter. Van ECK Associates Corp now owns 54,392 shares of the technology company's stock valued at $856,000 after buying an additional 12,587 shares during the period. Finally, National Pension Service raised its position in shares of Vipshop by 2.0% during the third quarter. National Pension Service now owns 107,152 shares of the technology company's stock worth $1,686,000 after acquiring an additional 2,074 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

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.