Vipshop Holdings Limited Declares Annual Dividend of $0.43 (NYSE:VIPS)

Vipshop Holdings Limited (NYSE:VIPS) announced an annual dividend on Monday, February 24th, Wall Street Journal reports. Stockholders of record on Friday, April 11th will be given a dividend of 0.43 per share by the technology company on Friday, April 25th. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th.

Vipshop has a dividend payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Vipshop to earn $2.11 per share next year, which means the company should continue to be able to cover its $0.43 annual dividend with an expected future payout ratio of 20.4%.

Vipshop Price Performance

VIPS stock traded down $0.48 during trading on Monday, hitting $14.26. The stock had a trading volume of 5,048,773 shares, compared to its average volume of 3,505,197. Vipshop has a twelve month low of $11.50 and a twelve month high of $20.19. The company’s 50-day moving average price is $13.98 and its two-hundred day moving average price is $13.99. The stock has a market capitalization of $7.32 billion, a P/E ratio of 6.82, a PEG ratio of 1.52 and a beta of 0.30.

Vipshop (NYSE:VIPS) last posted its quarterly 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 company had revenue of $4.55 billion for 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, sell-side analysts expect that Vipshop will post 1.95 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Friday. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Barclays initiated coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. Finally, Citigroup dropped their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.50.

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.