Vipshop Holdings Limited (NYSE:VIPS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $20.4833.

Several research firms have recently issued reports on VIPS. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a report on Friday, March 27th. Jefferies Financial Group restated a “buy” rating on shares of Vipshop in a report on Thursday, February 26th. Zacks Research upgraded shares of Vipshop from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st.

Institutional Investors Weigh In On Vipshop

A number of institutional investors and hedge funds have recently modified their holdings of the company. FIL Ltd lifted its holdings in shares of Vipshop by 2.6% during the fourth quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock worth $334,184,000 after purchasing an additional 483,842 shares during the period. Krane Funds Advisors LLC lifted its holdings in shares of Vipshop by 24.9% during the third quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company’s stock worth $320,424,000 after purchasing an additional 3,426,079 shares during the period. Invesco Ltd. lifted its holdings in shares of Vipshop by 0.9% during the fourth quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock worth $298,335,000 after purchasing an additional 148,970 shares during the period. Orbis Allan Gray Ltd lifted its holdings in shares of Vipshop by 12.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock worth $191,316,000 after purchasing an additional 1,227,325 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Vipshop by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock worth $179,518,000 after purchasing an additional 149,758 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Up 1.2%

VIPS opened at $14.64 on Thursday. Vipshop has a 52-week low of $13.35 and a 52-week high of $21.08. The company has a market cap of $7.01 billion, a P/E ratio of 7.35, a price-to-earnings-growth ratio of 1.19 and a beta of 0.67. The firm’s 50-day moving average price is $15.35 and its 200-day moving average price is $17.37.

Vipshop Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were issued a dividend of $0.62 per share. This represents a dividend yield of 411.0%. This is a positive change from Vipshop’s previous annual dividend of $0.43. The ex-dividend date of this dividend was Friday, April 10th. Vipshop’s dividend payout ratio is presently 30.15%.

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.