Vipshop (NYSE:VIPS) Shares Gap Down – Time to Sell?

Vipshop Holdings Limited (NYSE:VIPS)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $15.47, but opened at $14.19. Vipshop shares last traded at $15.03, with a volume of 1,020,816 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays lifted their target price on Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Citigroup cut shares of Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a report on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.30.

Vipshop Stock Down 5.6%

The firm has a 50 day moving average price of $14.45 and a 200 day moving average price of $14.30. The stock has a market capitalization of $7.50 billion, a PE ratio of 6.98, a P/E/G ratio of 1.52 and a beta of 0.60.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. On average, equities analysts forecast that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Vipshop Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a yield of 2.9%. Vipshop’s dividend payout ratio (DPR) is 24.24%.

Hedge Funds Weigh In On Vipshop

Several hedge funds have recently modified their holdings of VIPS. Caxton Associates LLP purchased a new stake in shares of Vipshop during the first quarter valued at approximately $1,653,000. Goldman Sachs Group Inc. grew its stake in Vipshop by 29.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock valued at $77,326,000 after purchasing an additional 1,126,983 shares during the period. Millennium Management LLC increased its position in shares of Vipshop by 33.3% during the 1st quarter. Millennium Management LLC now owns 1,386,985 shares of the technology company’s stock valued at $21,748,000 after purchasing an additional 346,374 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Vipshop by 12.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company’s stock worth $6,994,000 after purchasing an additional 49,632 shares during the period. Finally, Orbis Allan Gray Ltd raised its stake in shares of Vipshop by 18.3% during the 1st quarter. Orbis Allan Gray Ltd now owns 7,009,180 shares of the technology company’s stock worth $109,904,000 after purchasing an additional 1,084,345 shares during the period. 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 and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.