Inter Parfums (NASDAQ:IPAR) Hits New 12-Month Low – Time to Sell?

Inter Parfums, Inc. (NASDAQ:IPAR)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $102.49 and last traded at $105.15, with a volume of 41419 shares trading hands. The stock had previously closed at $114.48.

Analysts Set New Price Targets

A number of research analysts have issued reports on IPAR shares. DA Davidson reissued a “buy” rating and set a $170.00 price objective on shares of Inter Parfums in a research report on Tuesday, March 25th. Canaccord Genuity Group raised their price objective on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, BWS Financial reiterated a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a report on Monday, March 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.80.

Inter Parfums Trading Down 2.4 %

The stock’s fifty day simple moving average is $130.32 and its two-hundred day simple moving average is $129.57. The firm has a market cap of $3.34 billion, a PE ratio of 22.34 and a beta of 1.18. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $361.50 million during the quarter, compared to the consensus estimate of $361.56 million. On average, sell-side analysts forecast that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

Inter Parfums Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.80 per share. The ex-dividend date was Friday, March 14th. This is an increase from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 3.07%. Inter Parfums’s dividend payout ratio (DPR) is presently 62.87%.

Hedge Funds Weigh In On Inter Parfums

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Inter Parfums by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company’s stock worth $269,677,000 after buying an additional 20,721 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Inter Parfums by 10.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company’s stock worth $147,913,000 after acquiring an additional 108,321 shares during the last quarter. State Street Corp lifted its position in Inter Parfums by 0.3% in the 3rd quarter. State Street Corp now owns 676,253 shares of the company’s stock valued at $87,561,000 after acquiring an additional 2,255 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Inter Parfums by 55.0% during the 4th quarter. Victory Capital Management Inc. now owns 563,646 shares of the company’s stock valued at $74,125,000 after purchasing an additional 200,079 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Inter Parfums by 23.3% during the 4th quarter. American Century Companies Inc. now owns 453,993 shares of the company’s stock valued at $59,705,000 after purchasing an additional 85,871 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Inter Parfums Company Profile

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.