Vipshop (NYSE:VIPS) Stock Price Down 3.3%

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

Wall Street Analysts Forecast Growth

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

Vipshop Trading Up 0.5 %

The firm has a market capitalization of $9.69 billion, a PE ratio of 8.21 and a beta of 0.43. The company has a fifty day moving average price of $16.86 and a two-hundred day moving average price of $16.09.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $5.15. The firm had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.18 billion. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. As a group, equities research analysts predict that Vipshop Holdings Limited will post 2.24 earnings per share for the current year.

Vipshop Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Monday, April 8th. Shareholders of record on Friday, March 15th will be given a dividend of $0.43 per share. This represents a yield of 2.3%. The ex-dividend date is Thursday, March 14th. Vipshop’s payout ratio is 20.20%.

Institutional Investors Weigh In On Vipshop

A number of institutional investors and hedge funds have recently modified their holdings of VIPS. Lindbrook Capital LLC lifted its stake in Vipshop by 56.4% in the 4th quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock valued at $35,000 after buying an additional 708 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Vipshop by 18.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the technology company’s stock worth $65,000 after purchasing an additional 730 shares during the period. Atlas Capital Advisors LLC lifted its stake in shares of Vipshop by 2.6% during the 4th quarter. Atlas Capital Advisors LLC now owns 28,442 shares of the technology company’s stock worth $505,000 after purchasing an additional 730 shares during the period. Natixis Advisors L.P. increased its holdings in shares of Vipshop by 1.2% during the 4th quarter. Natixis Advisors L.P. now owns 63,756 shares of the technology company’s stock worth $1,132,000 after buying an additional 757 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Vipshop by 8.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,460 shares of the technology company’s stock worth $183,000 after buying an additional 905 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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.