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

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report)'s share price was up 5.3% on Tuesday after the company announced a dividend. The company traded as high as $15.00 and last traded at $14.99. Approximately 1,471,661 shares were traded during mid-day 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. Shareholders of record on Friday, April 11th will be paid 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 (DPR) is 24.24%.

Wall Street Analyst Weigh In

VIPS has been the subject of several recent analyst reports. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Citigroup reduced their price target on shares of Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, November 20th. Barclays upped their price objective on shares of Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Benchmark restated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.64.

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Vipshop Trading Down 2.5 %

The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 1.52 and a beta of 0.30. The stock's 50 day moving average price is $14.14 and its two-hundred day moving average price is $14.03.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. On average, sell-side analysts forecast that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vipshop

Several hedge funds have recently modified their holdings of VIPS. Venturi Wealth Management LLC acquired a new stake in shares of Vipshop during the 3rd quarter worth about $56,000. Blue Trust Inc. raised its holdings in Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock valued at $134,000 after buying an additional 1,487 shares during the period. Jump Financial LLC purchased a new stake in shares of Vipshop during the fourth quarter valued at approximately $161,000. Atomi Financial Group Inc. raised its stake in shares of Vipshop by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock valued at $165,000 after purchasing an additional 1,191 shares during the period. Finally, Vontobel Holding Ltd. purchased a new stake in shares of Vipshop during the fourth quarter valued at approximately $165,000. 48.82% of the stock is owned by institutional investors and hedge funds.

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.