Inter Parfums, Inc. (NASDAQ:IPAR) Announces $0.75 Quarterly Dividend

Inter Parfums, Inc. (NASDAQ:IPAR) declared a quarterly dividend on Friday, February 9th, Zacks reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.75 per share on Monday, September 30th. This represents a $3.00 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, September 13th.

Inter Parfums has increased its dividend payment by an average of 96.4% annually over the last three years. Inter Parfums has a dividend payout ratio of 50.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Inter Parfums to earn $5.73 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 52.4%.

Inter Parfums Stock Performance

Shares of IPAR stock opened at $115.40 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 26.59 and a beta of 1.16. Inter Parfums has a one year low of $108.39 and a one year high of $156.75. The company has a 50 day moving average price of $126.46 and a 200 day moving average price of $126.31.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The business had revenue of $342.00 million during the quarter, compared to the consensus estimate of $342.00 million. During the same period in the prior year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts anticipate that Inter Parfums will post 5.15 EPS for the current year.

Insider Activity at Inter Parfums

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of Inter Parfums stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 43.90% of the company’s stock.

Analysts Set New Price Targets

IPAR has been the topic of several research analyst reports. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. DA Davidson reiterated a “buy” rating and set a $192.00 price objective on shares of Inter Parfums in a research note on Wednesday, August 7th. Piper Sandler reissued an “overweight” rating and issued a $151.00 target price (up previously from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. BWS Financial reaffirmed a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research report on Thursday, August 8th. Finally, Jefferies Financial Group raised Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Inter Parfums presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.75.

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.