Inter Parfums (NASDAQ:IPAR) Sets New 52-Week Low - Time to Sell?

Shares of Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Canaccord Genuity Group upped their price target on Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. 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. Finally, 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Inter Parfums presently has a consensus rating of "Moderate Buy" and an average target price of $162.80.

Inter Parfums Stock Performance

The firm has a market cap of $3.49 billion, a PE ratio of 23.28 and a beta of 1.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. The firm's 50 day moving average price is $125.20 and its two-hundred day moving average price is $128.80.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.05). The firm had revenue of $361.50 million during the quarter, compared to analysts' expectations of $361.56 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. On average, research analysts forecast that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

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Inter Parfums Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.95%. This is a boost from Inter Parfums's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums's payout ratio is presently 62.87%.

Institutional Investors Weigh In On Inter Parfums

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC increased its stake in Inter Parfums by 13.3% in the 3rd quarter. FMR LLC now owns 3,365 shares of the company's stock valued at $436,000 after buying an additional 395 shares during the period. HighTower Advisors LLC boosted its holdings in Inter Parfums by 15.7% in the 3rd quarter. HighTower Advisors LLC now owns 2,966 shares of the company's stock valued at $384,000 after purchasing an additional 403 shares in the last quarter. State Street Corp raised its stake in shares of Inter Parfums by 0.3% during the 3rd quarter. State Street Corp now owns 676,253 shares of the company's stock worth $87,561,000 after buying an additional 2,255 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Inter Parfums in the third quarter valued at approximately $233,000. Finally, MML Investors Services LLC raised its position in Inter Parfums by 6.7% in the third quarter. MML Investors Services LLC now owns 9,383 shares of the company's stock worth $1,215,000 after acquiring an additional 590 shares in the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

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.