Interparfums, Inc. (NASDAQ:IPAR – Get Free Report) announced a quarterly dividend on Tuesday, February 24th. Shareholders of record on Monday, June 15th will be given a dividend of 0.80 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, June 15th.
Interparfums has raised its dividend payment by an average of 0.6%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Interparfums has a dividend payout ratio of 55.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Interparfums to earn $5.49 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 58.3%.
Interparfums Trading Up 1.6%
NASDAQ:IPAR opened at $101.78 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.26 and a quick ratio of 2.05. The firm has a 50-day moving average of $92.55 and a 200-day moving average of $91.62. The company has a market cap of $3.26 billion, a PE ratio of 19.31 and a beta of 1.16. Interparfums has a one year low of $77.21 and a one year high of $141.51.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Interparfums from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Interparfums in a research report on Friday, March 27th. BWS Financial reissued a “neutral” rating and set a $85.00 target price on shares of Interparfums in a research report on Wednesday, April 22nd. Finally, TD Cowen assumed coverage on shares of Interparfums in a research report on Monday, June 1st. They set a “buy” rating and a $110.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.
View Our Latest Report on Interparfums
Interparfums Company Profile
Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.
The company’s core activities include fragrance creation, brand management and international logistics.
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