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

Vipshop Holdings Limited (NYSE:VIPS)’s stock price was up 5.3% during trading on Tuesday following a dividend announcement from the company. The company traded as high as $15.00 and last traded at $14.99. Approximately 1,471,661 shares traded hands during trading, a decline of 57% from the average daily 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. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 2.9%. Vipshop’s dividend payout ratio is currently 20.71%.

Analysts Set New Price Targets

A number of research firms have recently commented on VIPS. Barclays raised their target price on Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday. Citigroup lowered their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vipshop presently has a consensus rating of “Hold” and an average price target of $17.64.

Vipshop Price Performance

The stock has a 50 day simple moving average of $14.03 and a 200-day simple moving average of $14.00. The firm has a market cap of $7.79 billion, a PE ratio of 7.26, a PEG ratio of 1.52 and a beta of 0.30.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 7.50% and a return on equity of 20.89%. As a group, equities analysts predict that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Creative Planning raised its stake in shares of Vipshop by 16.9% in the third quarter. Creative Planning now owns 107,026 shares of the technology company’s stock worth $1,684,000 after purchasing an additional 15,477 shares during the last quarter. abrdn plc grew its holdings in shares of Vipshop by 17.3% in the third quarter. abrdn plc now owns 692,936 shares of the technology company’s stock worth $10,914,000 after acquiring an additional 102,140 shares during the period. AustralianSuper Pty Ltd bought a new stake in shares of Vipshop in the third quarter worth $421,000. Van ECK Associates Corp grew its holdings in shares of Vipshop by 30.1% in the third quarter. Van ECK Associates Corp now owns 54,392 shares of the technology company’s stock worth $856,000 after acquiring an additional 12,587 shares during the period. Finally, National Pension Service grew its holdings in Vipshop by 2.0% during the third quarter. National Pension Service now owns 107,152 shares of the technology company’s stock valued at $1,686,000 after purchasing an additional 2,074 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

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.