Inter Parfums (NASDAQ:IPAR) Reaches New 1-Year Low – What’s Next?

Shares of Inter Parfums, Inc. (NASDAQ:IPAR) hit a new 52-week low on Wednesday . The company traded as low as $97.65 and last traded at $99.70, with a volume of 377855 shares traded. The stock had previously closed at $103.21.

Analysts Set New Price Targets

Several equities analysts have commented on the company. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research report on Monday, March 17th. DA Davidson reiterated a “buy” rating and issued a $170.00 price objective on shares of Inter Parfums in a report on Tuesday, March 25th. Finally, Canaccord Genuity Group lifted their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.80.

Inter Parfums Trading Down 3.4 %

The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 21.39 and a beta of 1.15. The firm has a 50 day moving average price of $127.87 and a two-hundred day moving average price of $129.27.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $361.50 million for the quarter, compared to analyst estimates of $361.56 million. As a group, equities analysts forecast that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Friday, March 14th. This is an increase from Inter Parfums’s previous quarterly dividend of $0.75. Inter Parfums’s dividend payout ratio (DPR) is currently 62.87%.

Institutional Trading of Inter Parfums

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after purchasing an additional 81 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings in shares of Inter Parfums by 210.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock worth $67,000 after buying an additional 347 shares in the last quarter. SRH Advisors LLC grew its position in shares of Inter Parfums by 791.7% during the 4th quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after buying an additional 475 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Inter Parfums by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock valued at $105,000 after acquiring an additional 400 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Inter Parfums by 25.7% during the 4th quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $106,000 after acquiring an additional 167 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

About Inter Parfums

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.