Vipshop (NYSE:VIPS) Shares Gap Down – What’s Next?
by Teresa Graham · The Cerbat GemVipshop Holdings Limited (NYSE:VIPS – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $15.55, but opened at $15.11. Vipshop shares last traded at $15.1410, with a volume of 73,078 shares.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on VIPS. JPMorgan Chase & Co. cut their price objective on Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a research report on Friday, March 27th. Zacks Research raised Vipshop from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Jefferies Financial Group reissued a “buy” rating on shares of Vipshop in a research report on Thursday, February 26th. Finally, Nomura upgraded 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. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Vipshop presently has an average rating of “Moderate Buy” and a consensus target price of $20.48.
Check Out Our Latest Report on Vipshop
Vipshop Price Performance
The stock has a market capitalization of $7.73 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 1.27 and a beta of 0.76. The firm has a 50 day moving average of $16.46 and a 200-day moving average of $18.03.
Vipshop Increases Dividend
The company also recently declared an annual dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be paid a dividend of $0.62 per share. This is a positive change from Vipshop’s previous annual dividend of $0.43. This represents a yield of 410.0%. The ex-dividend date is Friday, April 10th. Vipshop’s dividend payout ratio is presently 24.12%.
Institutional Investors Weigh In On Vipshop
Large investors have recently modified their holdings of the stock. Arax Advisory Partners grew its stake in shares of Vipshop by 96.8% in the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after purchasing an additional 692 shares during the period. Richardson Financial Services Inc. grew its stake in shares of Vipshop by 153.8% in the 4th quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,250 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Vipshop by 8,472.0% in the 4th 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 period. Global Retirement Partners LLC grew its stake 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. Finally, Cooper Investors PTY Ltd. bought a new stake in shares of Vipshop in the 4th quarter valued at approximately $58,000. 48.82% of the stock is currently owned by institutional investors.
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.