Causeway Capital Management LLC Lowers Position in Vipshop Holdings Limited (NYSE:VIPS)

Causeway Capital Management LLC lessened its stake in Vipshop Holdings Limited (NYSE:VIPS) by 84.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,815 shares of the technology company’s stock after selling 1,594,381 shares during the quarter. Causeway Capital Management LLC’s holdings in Vipshop were worth $4,065,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Vipshop during the 4th quarter valued at $64,115,000. Polaris Capital Management LLC bought a new position in shares of Vipshop during the fourth quarter valued at about $63,095,000. Invesco Ltd. lifted its position in shares of Vipshop by 28.4% during the fourth quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company’s stock valued at $104,516,000 after purchasing an additional 1,718,159 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Vipshop by 53.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,597,664 shares of the technology company’s stock worth $34,991,000 after purchasing an additional 908,669 shares during the last quarter. Finally, Nan Fung Trinity HK Ltd. bought a new stake in Vipshop in the 4th quarter worth about $5,026,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analyst Ratings Changes

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

Vipshop Price Performance

NYSE:VIPS opened at $12.60 on Monday. The company has a market capitalization of $6.47 billion, a P/E ratio of 6.03, a P/E/G ratio of 1.52 and a beta of 0.53. The business has a fifty day simple moving average of $15.39 and a two-hundred day simple moving average of $14.62. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $17.94.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 earnings per share 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 analysts’ expectations of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. As a group, analysts anticipate that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Vipshop Dividend Announcement

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

About Vipshop

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.