Inter Parfums Inc. (IPAR) Hits New 12-Month High at $33.95
Inter Parfums Inc. (NASDAQ:IPAR) shares reached a new 52-week high during trading on Monday . The company traded as high as $33.95 and last traded at $33.80, with a volume of 69,464 shares changing hands. The stock had previously closed at $32.54.
A number of research analysts recently commented on IPAR shares. Sidoti raised shares of Inter Parfums from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, June 28th. Citigroup Inc. increased their target price on shares of Inter Parfums from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, May 16th. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Thursday, July 28th. Finally, B. Riley upgraded shares of Inter Parfums from a “neutral” rating to a “buy” rating and increased their price target for the stock from $34.00 to $36.00 in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $36.67.
The stock has a market capitalization of $1.04 billion and a P/E ratio of 37.32. The company has a 50 day moving average of $29.33 and a 200-day moving average of $28.73.
Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Tuesday, May 10th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $111.50 million for the quarter, compared to analyst estimates of $110.58 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that Inter Parfums Inc. will post $1.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.80%.
Several hedge funds and institutional investors have recently bought and sold shares of IPAR. Sei Investments Co. boosted its position in Inter Parfums by 3.3% in the fourth quarter. Sei Investments Co. now owns 44,486 shares of the company’s stock worth $1,060,000 after buying an additional 1,420 shares during the last quarter. Royce & Associates LLC raised its stake in shares of Inter Parfums by 7.7% in the fourth quarter. Royce & Associates LLC now owns 355,100 shares of the company’s stock worth $8,458,000 after buying an additional 25,500 shares during the period. Finally, Eagle Asset Management raised its stake in shares of Inter Parfums by 170.1% in the third quarter. Eagle Asset Management now owns 1,092,044 shares of the company’s stock worth $27,092,000 after buying an additional 687,770 shares during the period.
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes fragrances and fragrance-related products. It operates in two segments: European based operations and United States based operations. Under its European Operations, the Company produces and distributes fragrance products primarily under license agreements with brand owners and its prestige brands include Balmain, Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, S.T.
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