Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $115.09 and last traded at $115.61, with a volume of 8657 shares trading hands. The stock had previously closed at $116.38.
Analyst Ratings Changes
A number of analysts have issued reports on IPAR shares. Piper Sandler reduced their target price on shares of Inter Parfums from $176.00 to $172.00 and set an "overweight" rating for the company in a research note on Thursday, April 25th. DA Davidson reissued a "buy" rating and set a $192.00 target price on shares of Inter Parfums in a research report on Friday, April 26th. Finally, BWS Financial reiterated a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research note on Wednesday, April 17th.
View Our Latest Research Report on IPAR
Inter Parfums Trading Down 0.6 %
The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 24.50 and a beta of 1.13. The company has a 50-day moving average price of $135.20 and a 200-day moving average price of $135.30.
Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). Inter Parfums had a return on equity of 17.62% and a net margin of 11.59%. The business had revenue of $328.74 million during the quarter, compared to the consensus estimate of $329.00 million. During the same period in the prior year, the firm earned $0.71 earnings per share. The business's quarterly revenue was up 5.8% on a year-over-year basis. Research analysts predict that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.
Inter Parfums Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.75 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Inter Parfums's previous quarterly dividend of $0.63. This represents a $3.00 dividend on an annualized basis and a yield of 2.59%. Inter Parfums's dividend payout ratio is 63.16%.
Insider Activity at Inter Parfums
In other news, Director Gilbert Harrison sold 250 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $150.42, for a total transaction of $37,605.00. Following the sale, the director now directly owns 1,000 shares in the company, valued at $150,420. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 43.90% of the company's stock.
Institutional Trading of Inter Parfums
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new position in Inter Parfums during the fourth quarter worth about $32,493,000. Invesco Ltd. lifted its position in shares of Inter Parfums by 94.4% during the 3rd quarter. Invesco Ltd. now owns 276,433 shares of the company's stock worth $37,136,000 after buying an additional 134,243 shares during the period. Artisan Partners Limited Partnership acquired a new stake in Inter Parfums in the 4th quarter valued at $16,226,000. First Trust Advisors LP grew its position in Inter Parfums by 43.0% in the fourth quarter. First Trust Advisors LP now owns 201,643 shares of the company's stock valued at $29,039,000 after acquiring an additional 60,606 shares during the period. Finally, Annex Advisory Services LLC bought a new stake in Inter Parfums in the third quarter valued at $8,093,000. Institutional investors own 55.57% of the company's stock.
About Inter Parfums
(
Get Free Report)
Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.
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