Vipshop (NYSE:VIPS) Trading Up 6.5%

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report)'s share price traded up 6.5% during trading on Monday . The company traded as high as $17.65 and last traded at $17.62. 734,522 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 3,503,370 shares. The stock had previously closed at $16.55.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Citigroup lifted their price target on Vipshop from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Tuesday, January 23rd. HSBC decreased their price target on Vipshop from $22.90 to $19.00 and set a "hold" rating on the stock in a research note on Thursday. StockNews.com upgraded Vipshop from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 16th. TheStreet upgraded Vipshop from a "c+" rating to a "b-" rating in a research report on Thursday, December 21st. Finally, Benchmark reiterated a "buy" rating and issued a $29.00 price objective on shares of Vipshop in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $21.13.

Vipshop Price Performance

The stock has a 50 day simple moving average of $16.97 and a 200-day simple moving average of $16.15. The firm has a market cap of $10.25 billion, a PE ratio of 8.62 and a beta of 0.41.

Vipshop (NYSE:VIPS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $5.15. The business had revenue of $34.67 billion during the quarter, compared to analysts' expectations of $33.18 billion. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. As a group, equities analysts predict that Vipshop Holdings Limited will post 2.24 EPS for the current fiscal year.

Vipshop Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Monday, April 8th. Stockholders of record on Friday, March 15th will be paid a $0.43 dividend. This represents a dividend yield of 2.3%. The ex-dividend date is Thursday, March 14th. Vipshop's dividend payout ratio is currently 20.20%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC increased its position in Vipshop by 56.4% during the fourth quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company's stock valued at $35,000 after acquiring an additional 708 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in Vipshop during the fourth quarter valued at $36,000. Natixis purchased a new stake in Vipshop during the fourth quarter valued at $27,000. Richardson Financial Services Inc. purchased a new stake in Vipshop during the fourth quarter valued at $39,000. Finally, Castleview Partners LLC purchased a new stake in Vipshop during the second quarter valued at $38,000. Hedge funds and other 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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.