Vipshop (NYSE:VIPS) Stock Price Down 2.9% - Should You Sell?

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report)'s share price was down 2.9% during trading on Tuesday . The stock traded as low as $13.08 and last traded at $13.02. Approximately 1,038,815 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 3,656,292 shares. The stock had previously closed at $13.41.

Analysts Set New Price Targets

Several research firms have recently weighed in on VIPS. StockNews.com upgraded shares of Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Citigroup cut shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a report on Tuesday, April 1st. Finally, Barclays upped their price target on Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $15.30.

Vipshop Stock Down 4.1 %

The firm has a market capitalization of $6.47 billion, a PE ratio of 6.03, a P/E/G ratio of 1.52 and a beta of 0.53. The firm's 50-day moving average price is $15.39 and its two-hundred day moving average price is $14.62.

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Vipshop (NYSE:VIPS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. Equities research analysts forecast that Vipshop Holdings Limited will post 1.95 EPS for the current year.

Vipshop Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a yield of 2.9%. Vipshop's payout ratio is 24.24%.

Hedge Funds Weigh In On Vipshop

A number of hedge funds have recently modified their holdings of VIPS. Caas Capital Management LP purchased a new position in Vipshop in the fourth quarter valued at about $1,327,000. Vanguard Group Inc. lifted its holdings in shares of Vipshop by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock valued at $188,060,000 after buying an additional 79,254 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Vipshop by 16.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,035,334 shares of the technology company's stock valued at $27,416,000 after buying an additional 286,604 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Vipshop by 53.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,597,664 shares of the technology company's stock worth $34,991,000 after buying an additional 908,669 shares during the last quarter. Finally, Polymer Capital Management HK LTD raised its position in Vipshop by 2,302.0% during the fourth quarter. Polymer Capital Management HK LTD now owns 267,300 shares of the technology company's stock valued at $3,601,000 after acquiring an additional 256,172 shares in the last quarter. 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 and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.