Clark Capital Management Group Inc. Takes Position in Vipshop Holdings Limited $VIPS

Clark Capital Management Group Inc. purchased a new position in Vipshop Holdings Limited (NYSE:VIPS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 931,890 shares of the technology company’s stock, valued at approximately $18,302,000. Clark Capital Management Group Inc. owned about 0.18% of Vipshop at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Global Retirement Partners LLC lifted its holdings in Vipshop by 575.5% in the third quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock valued at $57,000 after acquiring an additional 2,492 shares during the period. Huntington National Bank grew its stake in shares of Vipshop by 36.3% during the 3rd quarter. Huntington National Bank now owns 4,530 shares of the technology company’s stock valued at $89,000 after purchasing an additional 1,207 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Vipshop by 65.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,091 shares of the technology company’s stock valued at $107,000 after purchasing an additional 2,809 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Vipshop by 148.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 8,163 shares of the technology company’s stock valued at $160,000 after purchasing an additional 4,881 shares during the last quarter. Finally, ABN Amro Investment Solutions bought a new position in shares of Vipshop in the 3rd quarter worth approximately $207,000. Institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $16.02 on Monday. The company has a market capitalization of $8.21 billion, a P/E ratio of 8.05, a P/E/G 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 firm’s 50 day simple moving average is $17.28 and its two-hundred day simple moving average is $18.32.

Vipshop Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on VIPS. Citigroup reissued a “neutral” rating on shares of Vipshop in a report on Thursday, November 20th. Jefferies Financial Group reiterated a “buy” rating on shares of Vipshop in a research report on Thursday, February 26th. Nomura upgraded shares of 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. Zacks Research raised shares of Vipshop from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.65.

Vipshop Company Profile

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.