Inter Parfums, Inc. (NASDAQ:IPAR) Receives $159.75 Average Price Target from Analysts

Shares of Inter Parfums, Inc. (NASDAQ:IPAR) have received a consensus rating of “Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have covered the stock in the last year is $159.40.

IPAR has been the topic of a number of research reports. BWS Financial reaffirmed a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Monday, November 11th. Canaccord Genuity Group began coverage on shares of Inter Parfums in a research note on Thursday, January 16th. They issued a “buy” rating and a $158.00 price target on the stock. DA Davidson reissued a “buy” rating and issued a $163.00 price objective on shares of Inter Parfums in a research report on Wednesday, December 18th. Finally, Piper Sandler boosted their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th.

Inter Parfums Stock Performance

Shares of IPAR opened at $144.48 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. Inter Parfums has a twelve month low of $108.39 and a twelve month high of $156.75. The firm’s 50 day moving average price is $133.60 and its two-hundred day moving average price is $128.03. The firm has a market cap of $4.63 billion, a P/E ratio of 31.00 and a beta of 1.20.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. During the same quarter in the previous year, the firm posted $1.66 earnings per share. The business’s revenue was up 15.5% on a year-over-year basis. On average, analysts forecast that Inter Parfums will post 5.15 EPS for the current fiscal year.

Insider Transactions at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total value of $532,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 43.90% of the stock is currently owned by insiders.

Institutional Trading of Inter Parfums

A number of large investors have recently added to or reduced their stakes in IPAR. Victory Capital Management Inc. lifted its stake in Inter Parfums by 5,393.6% in the third quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock valued at $47,075,000 after acquiring an additional 356,949 shares during the last quarter. American Century Companies Inc. lifted its stake in Inter Parfums by 50.1% in the second quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock valued at $36,846,000 after acquiring an additional 106,044 shares during the last quarter. Wellington Management Group LLP lifted its stake in Inter Parfums by 44.2% in the third quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock valued at $41,934,000 after acquiring an additional 99,316 shares during the last quarter. Annex Advisory Services LLC raised its position in shares of Inter Parfums by 36.5% in the fourth quarter. Annex Advisory Services LLC now owns 118,390 shares of the company’s stock valued at $15,569,000 after purchasing an additional 31,654 shares during the period. Finally, Barclays PLC raised its position in shares of Inter Parfums by 293.0% in the third quarter. Barclays PLC now owns 34,689 shares of the company’s stock valued at $4,492,000 after purchasing an additional 25,862 shares during the period. Institutional investors and hedge funds 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.