Causeway Capital Management LLC Has $21.15 Million Stock Holdings in Vipshop Holdings Limited $VIPS

Causeway Capital Management LLC grew its position in Vipshop Holdings Limited (NYSE:VIPS) by 37.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,076,736 shares of the technology company’s stock after buying an additional 294,218 shares during the quarter. Causeway Capital Management LLC’s holdings in Vipshop were worth $21,147,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in shares of Vipshop by 575.5% in the 3rd quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock valued at $57,000 after purchasing an additional 2,492 shares during the period. Huntington National Bank grew its stake in Vipshop by 53.8% in the second quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,163 shares in the last quarter. Tobam acquired a new position in Vipshop in the 2nd quarter worth about $91,000. PNC Financial Services Group Inc. raised its stake in shares of Vipshop by 65.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,091 shares of the technology company’s stock worth $107,000 after purchasing an additional 2,809 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Vipshop by 148.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 8,163 shares of the technology company’s stock worth $160,000 after purchasing an additional 4,881 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Performance

Shares of VIPS stock opened at $16.30 on Tuesday. The stock’s 50 day simple moving average is $17.42 and its 200 day simple moving average is $18.35. Vipshop Holdings Limited has a twelve month low of $12.14 and a twelve month high of $21.08. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 1.34 and a beta of 0.66.

Vipshop Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be given a $0.62 dividend. This is a positive change from Vipshop’s previous annual dividend of $0.43. This represents a dividend yield of 342.0%. The ex-dividend date of this dividend is Friday, April 10th. Vipshop’s payout ratio is 24.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a report on Monday, December 29th. Barclays lifted their target price on shares of Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Zacks Research raised shares of Vipshop from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, February 27th. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a report on Friday, November 21st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Vipshop currently has an average rating of “Moderate Buy” and an average target price of $20.65.

About Vipshop

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.