Vipshop (NYSE:VIPS) Downgraded by Citigroup to “Neutral”

Citigroup downgraded shares of Vipshop (NYSE:VIPS) from a buy rating to a neutral rating in a research report report published on Tuesday, Marketbeat reports. They currently have $18.00 price target on the technology company’s stock.

Several other research analysts also recently issued reports on VIPS. Barclays raised their price objective on shares of Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.30.

Vipshop Price Performance

VIPS opened at $15.34 on Tuesday. The business has a fifty day moving average price of $15.59 and a 200 day moving average price of $14.63. Vipshop has a 12 month low of $11.50 and a 12 month high of $17.94. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 7.34, 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 for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The business had revenue of $4.55 billion during 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, research analysts anticipate that Vipshop will post 1.95 earnings per share for the current year.

Vipshop Dividend Announcement

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. This represents a yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th. Vipshop’s dividend payout ratio (DPR) is 24.24%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in shares of Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock valued at $134,000 after purchasing an additional 1,487 shares during the period. Jump Financial LLC bought a new stake in shares of Vipshop in the 4th quarter worth approximately $161,000. Atomi Financial Group Inc. boosted its holdings in shares of Vipshop by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after acquiring an additional 1,191 shares during the period. Vontobel Holding Ltd. acquired a new position in Vipshop during the 4th quarter valued at about $165,000. Finally, Polymer Capital Management HK LTD acquired a new position in shares of Vipshop during the third quarter worth approximately $175,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Company Profile

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.