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

Inter Parfums, Inc. (NASDAQ:IPAR) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.75 per share on Tuesday, December 31st. This represents a $3.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Monday, December 16th.

Inter Parfums has increased its dividend by an average of 96.4% annually over the last three years. Inter Parfums has a payout ratio of 50.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Inter Parfums to earn $5.86 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 51.2%.

Inter Parfums Trading Up 0.0 %

Shares of Inter Parfums stock traded up $0.03 on Friday, hitting $125.91. 9,357 shares of the company’s stock traded hands, compared to its average volume of 143,745. The company has a fifty day moving average of $122.33 and a two-hundred day moving average of $122.44. Inter Parfums has a one year low of $108.39 and a one year high of $156.75. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 28.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.58 and a quick ratio of 1.27.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 EPS. As a group, sell-side analysts expect that Inter Parfums will post 5.17 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 43.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on IPAR. Jefferies Financial Group upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Friday, July 12th. BWS Financial reaffirmed a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a research report on Wednesday, October 23rd. StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler restated an “overweight” rating and set a $151.00 price objective (up previously from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. Finally, DA Davidson reissued a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.

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.