Vipshop (NYSE:VIPS) Shares Gap Down – Should You Sell?

Vipshop Holdings Limited (NYSE:VIPSGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $14.52, but opened at $13.64. Vipshop shares last traded at $14.4020, with a volume of 797,944 shares trading hands.

Trending Headlines about Vipshop

Here are the key news stories impacting Vipshop this week:

Analysts Set New Price Targets

VIPS has been the subject of several recent research reports. Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Friday. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a research note on Friday, March 27th. JPMorgan Chase & Co. decreased their target price on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Vipshop in a report on Thursday, February 26th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Vipshop currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.48.

Read Our Latest Stock Report on Vipshop

Vipshop Price Performance

The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 1.17 and a beta of 0.67. The stock’s 50 day simple moving average is $15.03 and its 200-day simple moving average is $17.15.

Vipshop Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were paid a $0.62 dividend. This represents a yield of 411.0%. This is a boost from Vipshop’s previous annual dividend of $0.43. The ex-dividend date was Friday, April 10th. Vipshop’s dividend payout ratio is presently 30.15%.

Hedge Funds Weigh In On Vipshop

A number of institutional investors have recently modified their holdings of VIPS. EverSource Wealth Advisors LLC increased its position in Vipshop by 100.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock worth $58,000 after acquiring an additional 1,864 shares during the period. Quantinno Capital Management LP increased its position in Vipshop by 26.5% during the first quarter. Quantinno Capital Management LP now owns 129,921 shares of the technology company’s stock worth $2,042,000 after acquiring an additional 27,229 shares during the period. Lazard Asset Management LLC increased its position in Vipshop by 0.9% during the first quarter. Lazard Asset Management LLC now owns 970,371 shares of the technology company’s stock worth $15,254,000 after acquiring an additional 8,470 shares during the period. State of Wyoming increased its position in Vipshop by 10,007.7% during the first quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock worth $103,000 after acquiring an additional 6,505 shares during the period. Finally, First Trust Advisors LP increased its position in Vipshop by 48.3% during the first quarter. First Trust Advisors LP now owns 27,963 shares of the technology company’s stock worth $440,000 after acquiring an additional 9,106 shares during the period. Institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

(Get Free Report)

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.

Further Reading

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