Inter Parfums, Inc. (NASDAQ:IPAR) Receives Consensus Recommendation of “Hold” from Analysts

Inter Parfums, Inc. (NASDAQ:IPARGet Rating) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $111.75.

Several equities analysts recently issued reports on IPAR shares. DA Davidson restated a “buy” rating and set a $131.00 price objective on shares of Inter Parfums in a research note on Friday, March 4th. Citigroup reduced their price objective on Inter Parfums from $104.00 to $99.00 and set a “neutral” rating on the stock in a research note on Thursday, March 3rd. StockNews.com assumed coverage on Inter Parfums in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research cut Inter Parfums from a “buy” rating to a “hold” rating and set a $92.00 target price on the stock. in a research note on Tuesday, March 29th.

IPAR stock opened at $84.42 on Thursday. Inter Parfums has a twelve month low of $67.00 and a twelve month high of $108.35. The company has a current ratio of 2.90, a quick ratio of 2.09 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.68 billion, a P/E ratio of 30.81 and a beta of 1.03. The firm has a 50 day simple moving average of $87.82 and a 200-day simple moving average of $90.79.

Inter Parfums (NASDAQ:IPARGet Rating) last released its quarterly earnings results on Tuesday, March 1st. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.12. Inter Parfums had a net margin of 9.94% and a return on equity of 11.92%. The business had revenue of $210.72 million during the quarter, compared to the consensus estimate of $171.25 million. During the same quarter last year, the company earned $0.47 earnings per share. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, research analysts predict that Inter Parfums will post 3.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were given a $0.50 dividend. This is an increase from Inter Parfums’s previous quarterly dividend of $0.25. This represents a $2.00 annualized dividend and a yield of 2.37%. The ex-dividend date was Monday, March 14th. Inter Parfums’s payout ratio is currently 72.99%.

In other Inter Parfums news, CFO Philippe Santi sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of $98.87, for a total value of $197,740.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 44.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its stake in shares of Inter Parfums by 4.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,076 shares of the company’s stock valued at $328,000 after purchasing an additional 125 shares during the period. Thrivent Financial for Lutherans boosted its position in Inter Parfums by 0.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 14,462 shares of the company’s stock worth $1,546,000 after acquiring an additional 133 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Inter Parfums by 91.4% during the 1st quarter. Fifth Third Bancorp now owns 291 shares of the company’s stock worth $26,000 after acquiring an additional 139 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Inter Parfums by 2.1% during the 4th quarter. Victory Capital Management Inc. now owns 7,349 shares of the company’s stock worth $786,000 after acquiring an additional 149 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its stake in shares of Inter Parfums by 2.2% during the 1st quarter. Maryland State Retirement & Pension System now owns 7,188 shares of the company’s stock worth $633,000 after acquiring an additional 158 shares in the last quarter. 54.89% of the stock is currently owned by institutional investors and hedge funds.

Inter Parfums Company Profile (Get Rating)

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. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lily Aldridge, Lanvin, Moncler, Montblanc, Rochas, S.T.

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