Inter Parfums, Inc. (NASDAQ:IPAR) Receives $159.75 Average PT from Brokerages

Shares of Inter Parfums, Inc. (NASDAQ:IPAR) have earned an average recommendation of “Buy” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $159.40.

Several analysts have commented on the stock. BWS Financial reiterated a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Monday, November 11th. Piper Sandler boosted their price target on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Canaccord Genuity Group assumed coverage on shares of Inter Parfums in a research note on Thursday. They issued a “buy” rating and a $158.00 price target on the stock. Finally, DA Davidson reiterated a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a research note on Wednesday, December 18th.

Insider Transactions at Inter Parfums

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 43.90% of the company’s stock.

Hedge Funds Weigh In On Inter Parfums

Hedge funds have recently added to or reduced their stakes in the stock. WCM Investment Management LLC grew its stake in Inter Parfums by 2.9% in the 3rd quarter. WCM Investment Management LLC now owns 193,660 shares of the company’s stock worth $24,835,000 after acquiring an additional 5,482 shares in the last quarter. Algert Global LLC grew its stake in Inter Parfums by 18.6% in the 2nd quarter. Algert Global LLC now owns 70,564 shares of the company’s stock worth $8,188,000 after acquiring an additional 11,089 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Inter Parfums by 50.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 23,034 shares of the company’s stock worth $2,982,000 after purchasing an additional 7,771 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Inter Parfums by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company’s stock worth $85,384,000 after purchasing an additional 4,862 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Inter Parfums by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock worth $56,481,000 after purchasing an additional 5,056 shares during the period. 55.57% of the stock is currently owned by institutional investors.

Inter Parfums Trading Up 0.5 %

Shares of NASDAQ IPAR opened at $138.59 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. Inter Parfums has a 1 year low of $108.39 and a 1 year high of $156.75. The firm has a 50-day moving average of $132.73 and a 200 day moving average of $127.44. The stock has a market cap of $4.44 billion, a P/E ratio of 29.74 and a beta of 1.20.

Inter Parfums (NASDAQ:IPAR) last released its 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 company had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. During the same quarter in the previous year, the company earned $1.66 EPS. Inter Parfums’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, sell-side analysts expect that Inter Parfums will post 5.15 EPS for the current fiscal year.

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.