Inter Parfums, Inc. (NASDAQ:IPAR – Get Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.75 per share on Friday, June 28th. This represents a $3.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Friday, June 14th.
Inter Parfums has raised its dividend by an average of 96.4% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Inter Parfums has a dividend payout ratio of 52.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Inter Parfums to earn $5.75 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 52.2%.
Inter Parfums Stock Up 2.7 %
IPAR stock traded up $3.22 during trading on Thursday, hitting $121.70. 100,073 shares of the company’s stock traded hands, compared to its average volume of 143,776. The firm has a market capitalization of $3.90 billion, a P/E ratio of 24.94 and a beta of 1.19. Inter Parfums has a 1 year low of $114.71 and a 1 year high of $156.75. The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $131.38 and a two-hundred day simple moving average of $134.95.
Wall Street Analysts Forecast Growth
IPAR has been the topic of a number of recent analyst reports. BWS Financial restated a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Wednesday, April 17th. DA Davidson reaffirmed a “buy” rating and issued a $192.00 price target on shares of Inter Parfums in a report on Thursday. Finally, Piper Sandler lowered their price objective on Inter Parfums from $176.00 to $172.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th.
Read Our Latest Analysis on Inter Parfums
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.
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