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

Vipshop (NYSE:VIPS) had its price target hoisted by Barclays from $19.00 to $20.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

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

Vipshop Stock Performance

VIPS stock opened at $15.18 on Tuesday. The business has a 50-day simple moving average of $14.03 and a two-hundred day simple moving average of $14.00. The company has a market capitalization of $7.79 billion, a P/E ratio of 7.26, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30. Vipshop has a 52-week low of $11.50 and a 52-week high of $20.19.

Vipshop (NYSE:VIPS) last announced its 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). Vipshop had a net margin of 7.50% and a return on equity of 20.89%. The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $3.82 billion. As a group, sell-side analysts forecast that Vipshop will post 1.95 earnings per share for the current fiscal year.

Vipshop Announces Dividend

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. The ex-dividend date is Friday, April 11th. This represents a yield of 2.9%. Vipshop’s payout ratio is currently 20.71%.

Institutional Trading of Vipshop

Hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC purchased a new stake in shares of Vipshop during the 3rd quarter worth approximately $56,000. Blue Trust Inc. grew its holdings in Vipshop by 17.5% during 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 purchased a new stake in Vipshop in the fourth quarter worth $161,000. Atomi Financial Group Inc. raised its stake in shares of Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after buying an additional 1,191 shares during the period. Finally, Vontobel Holding Ltd. bought a new stake in shares of Vipshop in the fourth quarter valued at $165,000. Institutional investors own 48.82% of the company’s stock.

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.