Brokerages Set Vipshop Holdings Limited (NYSE:VIPS) Price Target at $20.65

Vipshop Holdings Limited (NYSE:VIPS) has been given an average rating of “Moderate Buy” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $20.65.

VIPS has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a report on Monday, December 29th. Jefferies Financial Group reissued a “buy” rating on shares of Vipshop in a report on Thursday, February 26th. Zacks Research upgraded Vipshop from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Nomura raised Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Friday, February 27th. Finally, Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th.

Vipshop Price Performance

Shares of Vipshop stock opened at $15.50 on Wednesday. Vipshop has a 1-year low of $12.14 and a 1-year high of $21.08. The company has a market capitalization of $7.94 billion, a P/E ratio of 7.79, a PEG ratio of 1.28 and a beta of 0.67. The business’s fifty day moving average price is $16.93 and its two-hundred day moving average price is $18.26.

Vipshop Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be issued a $0.62 dividend. This represents a dividend yield of 342.0%. The ex-dividend date is Friday, April 10th. This is an increase from Vipshop’s previous annual dividend of $0.43. Vipshop’s payout ratio is presently 24.12%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VIPS. Arax Advisory Partners boosted its stake in shares of Vipshop by 96.8% during the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after acquiring an additional 692 shares in the last quarter. Richardson Financial Services Inc. raised its position in shares of Vipshop by 153.8% during the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,250 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Vipshop by 8,472.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,118 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Vipshop by 575.5% during the third 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 last quarter. Finally, Cooper Investors PTY Ltd. acquired a new position in shares of Vipshop in the 4th quarter valued at $58,000. Institutional investors own 48.82% of the company’s stock.

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.