Vipshop (NYSE:VIPS) Price Target Raised to $20.00

Vipshop (NYSE:VIPS) had its price objective lifted by Barclays from $19.00 to $20.00 in a report published on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

Several other research analysts have also commented on VIPS. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Citigroup decreased their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.64.

Vipshop Stock Up 1.7 %

Shares of NYSE VIPS opened at $16.13 on Tuesday. The stock’s 50 day moving average price is $14.14 and its two-hundred day moving average price is $14.03. Vipshop has a 52-week low of $11.50 and a 52-week high of $20.19. The stock has a market capitalization of $8.28 billion, a P/E ratio of 7.72, a PEG ratio of 1.52 and a beta of 0.30.

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

Vipshop Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.43 per share. This represents a dividend yield of 2.9%. The ex-dividend date is Friday, April 11th. Vipshop’s dividend payout ratio (DPR) is 20.71%.

Institutional Investors Weigh In On Vipshop

Institutional investors have recently bought and sold shares of the stock. Lingohr Asset Management GmbH acquired a new stake in shares of Vipshop in the 3rd quarter worth approximately $921,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Vipshop by 179.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock worth $62,670,000 after purchasing an additional 2,558,896 shares during the period. FMR LLC boosted its stake in Vipshop by 8.5% during the 3rd quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock valued at $32,579,000 after purchasing an additional 162,027 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Vipshop by 9.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,059 shares of the technology company’s stock valued at $13,340,000 after purchasing an additional 75,590 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Vipshop by 19.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company’s stock worth $27,508,000 after buying an additional 290,583 shares in 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.