Vipshop (NYSE:VIPS) Shares Up 5.3% After Dividend Announcement

Vipshop Holdings Limited (NYSE:VIPS) shot up 5.3% on Tuesday after the company announced a dividend. The stock traded as high as $15.00 and last traded at $14.99. 1,471,661 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 3,434,619 shares. The stock had previously closed at $14.23.

The newly announced dividend which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.43 dividend. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th. Vipshop’s dividend payout ratio (DPR) is currently 20.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VIPS shares. Citigroup lowered their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Barclays increased their price objective on Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Vipshop currently has a consensus rating of “Hold” and a consensus target price of $17.64.

Vipshop Stock Performance

The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 1.52 and a beta of 0.30. The business’s 50-day moving average is $14.00 and its 200-day moving average is $13.99.

Vipshop (NYSE:VIPS) last announced its earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. Equities research analysts expect that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Vipshop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIPS. Venturi Wealth Management LLC acquired a new stake in shares of Vipshop during the third quarter worth about $56,000. Blue Trust Inc. increased its holdings in shares of Vipshop by 140.6% during the third quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock worth $133,000 after purchasing an additional 4,958 shares during the period. Jump Financial LLC bought a new stake in shares of Vipshop during the 4th quarter valued at $161,000. Atomi Financial Group Inc. raised its position in shares of Vipshop by 10.8% in the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after buying an additional 1,191 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Vipshop in the 4th quarter valued at $165,000. Institutional investors own 48.82% of the company’s stock.

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.