Inter Parfums, Inc. (NASDAQ:IPAR) Given Average Recommendation of “Buy” by Analysts

Shares of Inter Parfums, Inc. (NASDAQ:IPARGet Rating) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $111.75.

A number of equities research analysts have weighed in on IPAR shares. Zacks Investment Research downgraded Inter Parfums from a “buy” rating to a “hold” rating and set a $92.00 price target on the stock. in a research report on Tuesday, March 29th. Citigroup upgraded Inter Parfums from a “neutral” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Monday, May 16th. DA Davidson reiterated a “buy” rating and issued a $131.00 price objective on shares of Inter Parfums in a report on Friday, March 4th. StockNews.com assumed coverage on Inter Parfums in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, TheStreet downgraded Inter Parfums from a “b” rating to a “c+” rating in a report on Monday.

Inter Parfums stock opened at $69.30 on Wednesday. Inter Parfums has a one year low of $67.00 and a one year high of $108.35. The business has a fifty day moving average price of $81.88 and a 200-day moving average price of $90.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.94 and a quick ratio of 2.03. The firm has a market capitalization of $2.21 billion, a P/E ratio of 23.33 and a beta of 1.02.

Inter Parfums (NASDAQ:IPARGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.16. Inter Parfums had a return on equity of 12.74% and a net margin of 10.20%. The company had revenue of $250.68 million during the quarter, compared to analyst estimates of $240.04 million. During the same quarter last year, the company earned $0.87 earnings per share. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. Sell-side analysts expect that Inter Parfums will post 3.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 14th. This represents a $2.00 annualized dividend and a yield of 2.89%. Inter Parfums’s payout ratio is 67.34%.

A number of institutional investors have recently bought and sold shares of the business. Morgan Stanley boosted its position in shares of Inter Parfums by 178.6% in the 2nd quarter. Morgan Stanley now owns 139,468 shares of the company’s stock worth $10,042,000 after purchasing an additional 89,404 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Inter Parfums by 423.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 5,421 shares of the company’s stock worth $405,000 after purchasing an additional 4,385 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Inter Parfums in the 3rd quarter worth approximately $209,000. Goldman Sachs Group Inc. boosted its position in shares of Inter Parfums by 34.2% in the 3rd quarter. Goldman Sachs Group Inc. now owns 102,859 shares of the company’s stock worth $7,691,000 after purchasing an additional 26,187 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new position in Inter Parfums in the 3rd quarter valued at approximately $344,000. 57.42% of the stock is currently owned by institutional investors and hedge funds.

About Inter Parfums (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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