Inter Parfums, Inc. (IPAR) to Issue Quarterly Dividend of $0.17 on July 14th
Inter Parfums, Inc. (NASDAQ:IPAR) announced a quarterly dividend on Thursday, May 11th, Wall Street Journal reports. Investors of record on Friday, June 30th will be given a dividend of 0.17 per share on Friday, July 14th. This represents a $0.68 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Wednesday, June 28th.
Shares of Inter Parfums (NASDAQ:IPAR) opened at 37.05 on Tuesday. Inter Parfums has a 12-month low of $27.05 and a 12-month high of $41.70. The firm has a market cap of $1.15 billion, a PE ratio of 29.40 and a beta of 1.79. The company has a 50 day moving average price of $35.86 and a 200 day moving average price of $35.05.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The company had revenue of $143.10 million during the quarter, compared to the consensus estimate of $120.05 million. Inter Parfums had a return on equity of 8.10% and a net margin of 7.12%. Inter Parfums’s revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. On average, analysts forecast that Inter Parfums will post $1.25 earnings per share for the current fiscal year.
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IPAR has been the subject of a number of research analyst reports. DA Davidson restated a “buy” rating and set a $44.00 price objective on shares of Inter Parfums in a report on Monday, May 8th. B. Riley upped their price objective on shares of Inter Parfums from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, March 15th. BidaskClub raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Jefferies Group LLC began coverage on shares of Inter Parfums in a research note on Friday, June 2nd. They issued a “hold” rating and a $35.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research note on Tuesday, February 28th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $38.88.
Large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its stake in Inter Parfums by 2.7% in the first quarter. Teachers Advisors LLC now owns 28,789 shares of the company’s stock valued at $1,052,000 after buying an additional 762 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Inter Parfums by 13.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 72,843 shares of the company’s stock valued at $2,663,000 after buying an additional 8,462 shares during the period. Morgan Stanley raised its stake in Inter Parfums by 67.2% in the first quarter. Morgan Stanley now owns 115,899 shares of the company’s stock valued at $4,236,000 after buying an additional 46,601 shares during the period. Geode Capital Management LLC raised its stake in Inter Parfums by 9.2% in the first quarter. Geode Capital Management LLC now owns 148,986 shares of the company’s stock valued at $5,445,000 after buying an additional 12,581 shares during the period. Finally, State Street Corp raised its stake in Inter Parfums by 7.6% in the first quarter. State Street Corp now owns 400,887 shares of the company’s stock valued at $14,654,000 after buying an additional 28,390 shares during the period. Hedge funds and other institutional investors own 55.56% of the company’s stock.
Inter Parfums Company Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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