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

Vipshop Holdings Limited (NYSE:VIPS) declared an annual dividend on Monday, February 24th, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid 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 of this dividend is Friday, April 11th.

Vipshop has a payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. 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 Stock Down 3.2 %

VIPS opened at $14.26 on Tuesday. Vipshop has a 52-week low of $11.50 and a 52-week high of $20.19. The company has a market cap of $7.32 billion, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30. 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 posted 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). Vipshop had a net margin of 7.50% and a return on equity of 20.89%. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $3.82 billion. On average, research analysts anticipate that Vipshop will post 1.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup dropped their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Barclays started coverage on Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. Finally, StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.50.

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.