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. Shareholders 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 yield of 2.9%. The ex-dividend date is Friday, April 11th.

Vipshop has a payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. 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

Vipshop stock opened at $14.26 on Tuesday. The stock has a market cap of $7.32 billion, a P/E ratio of 6.82, a PEG ratio of 1.52 and a beta of 0.30. Vipshop has a 1 year low of $11.50 and a 1 year high of $20.19. The firm’s 50 day moving average price is $14.00 and its 200-day moving average price is $13.99.

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

Analysts Set New Price Targets

VIPS has been the topic of several research reports. Benchmark restated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Citigroup dropped their price objective on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Barclays started coverage on shares of Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective for the company. Finally, StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Friday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.