Inter Parfums (NASDAQ:IPAR) Hits New 1-Year Low - What's Next?

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on IPAR. DA Davidson reissued a "buy" rating and issued a $170.00 price target on shares of Inter Parfums in a research note on Tuesday, March 25th. Canaccord Genuity Group upped their price target on Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, BWS Financial restated a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Inter Parfums presently has an average rating of "Moderate Buy" and an average price target of $162.80.

Inter Parfums Trading Down 3.4 %

The business has a 50-day moving average of $129.51 and a 200-day moving average of $129.62. 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 stock has a market cap of $3.20 billion, a price-to-earnings ratio of 21.39 and a beta of 1.15.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $361.50 million during the quarter, compared to the consensus estimate of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Friday, March 14th. This is a boost from Inter Parfums's previous quarterly dividend of $0.75. Inter Parfums's payout ratio is currently 62.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IPAR. Westwood Holdings Group Inc. acquired a new stake in shares of Inter Parfums during the 4th quarter worth approximately $46,649,000. Raymond James Financial Inc. acquired a new stake in Inter Parfums during the fourth quarter worth $39,070,000. Norges Bank bought a new stake in Inter Parfums in the 4th quarter valued at $32,095,000. Victory Capital Management Inc. raised its stake in shares of Inter Parfums by 55.0% in the 4th quarter. Victory Capital Management Inc. now owns 563,646 shares of the company's stock valued at $74,125,000 after buying an additional 200,079 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Inter Parfums by 10.7% during 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 period. 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.