Vipshop (NYSE:VIPS) Cut to Neutral at Citigroup

Citigroup cut shares of Vipshop (NYSE:VIPS) from a buy rating to a neutral rating in a research report report published on Tuesday, MarketBeat.com reports. The brokerage currently has $18.00 price objective on the technology company’s stock.

VIPS has been the subject of several other research reports. Barclays raised their price objective on shares of Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Vipshop presently has a consensus rating of “Hold” and a consensus target price of $15.30.

Vipshop Price Performance

Shares of VIPS stock opened at $14.85 on Tuesday. The stock’s fifty day simple moving average is $15.63 and its 200 day simple moving average is $14.63. Vipshop has a one year low of $11.50 and a one year high of $17.94. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 7.10, a P/E/G ratio of 1.52 and a beta of 0.53.

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

Vipshop Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.43 dividend. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th. Vipshop’s dividend payout ratio is currently 24.24%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VIPS. Blue Trust Inc. increased its stake in shares of Vipshop by 17.5% in the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock valued at $134,000 after buying an additional 1,487 shares during the period. Polymer Capital Management HK LTD bought a new position in Vipshop in the third quarter valued at about $175,000. Jump Financial LLC acquired a new stake in Vipshop in the fourth quarter worth about $161,000. Atomi Financial Group Inc. raised its holdings in Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,191 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new position in Vipshop during the 4th quarter valued at about $165,000. 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.