Clark Capital Management Group Inc. Buys New Holdings in Vipshop Holdings Limited $VIPS

Clark Capital Management Group Inc. purchased a new position in Vipshop Holdings Limited (NYSE:VIPS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 931,890 shares of the technology company’s stock, valued at approximately $18,302,000.

A number of other institutional investors have also added to or reduced their stakes in VIPS. Global Retirement Partners LLC raised its position in shares of Vipshop by 575.5% during the third quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock valued at $57,000 after buying an additional 2,492 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Vipshop by 36.3% in the third quarter. Huntington National Bank now owns 4,530 shares of the technology company’s stock worth $89,000 after buying an additional 1,207 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Vipshop by 65.6% during the second quarter. PNC Financial Services Group Inc. now owns 7,091 shares of the technology company’s stock worth $107,000 after acquiring an additional 2,809 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Vipshop by 148.7% during the third quarter. Hantz Financial Services Inc. now owns 8,163 shares of the technology company’s stock worth $160,000 after acquiring an additional 4,881 shares during the last quarter. Finally, Banco BTG Pactual S.A. purchased a new position in Vipshop during the second quarter valued at $181,000. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Price Performance

Shares of VIPS stock opened at $16.02 on Monday. The company has a market cap of $8.21 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 1.31 and a beta of 0.66. Vipshop Holdings Limited has a 1 year low of $12.14 and a 1 year high of $21.08. The stock’s 50 day simple moving average is $17.28 and its two-hundred day simple moving average is $18.32.

Vipshop Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be issued a dividend of $0.62 per share. This represents a yield of 342.0%. The ex-dividend date is Friday, April 10th. This is a boost from Vipshop’s previous annual dividend of $0.43. Vipshop’s payout ratio is currently 24.12%.

Analysts Set New Price Targets

VIPS has been the topic of a number of research reports. Benchmark reiterated a “hold” rating on shares of Vipshop in a report on Friday, November 21st. Zacks Research upgraded Vipshop from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. JPMorgan Chase & Co. lifted their target price on Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Jefferies Financial Group reiterated a “buy” rating on shares of Vipshop in a research report on Thursday, February 26th. Finally, Citigroup reissued a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.65.

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.