Inter Parfums, Inc. (NASDAQ:IPAR) Receives Consensus Recommendation of "Buy" from Brokerages

Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) has been assigned a consensus rating of "Buy" from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is $162.80.

Several research firms have issued reports on IPAR. Canaccord Genuity Group boosted their price objective on Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. BWS Financial reissued a "buy" rating and issued a $172.00 target price on shares of Inter Parfums in a research report on Monday, March 17th. Finally, DA Davidson restated a "buy" rating and issued a $170.00 price target on shares of Inter Parfums in a research report on Tuesday, March 25th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IPAR. GAMMA Investing LLC boosted its stake in shares of Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company's stock valued at $30,000 after buying an additional 81 shares during the period. Coppell Advisory Solutions LLC raised its holdings in shares of Inter Parfums by 210.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock worth $67,000 after acquiring an additional 347 shares in the last quarter. SRH Advisors LLC boosted its position in Inter Parfums by 791.7% during the fourth quarter. SRH Advisors LLC now owns 535 shares of the company's stock valued at $70,000 after purchasing an additional 475 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Inter Parfums by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock valued at $105,000 after purchasing an additional 400 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Inter Parfums by 25.7% in the fourth quarter. Blue Trust Inc. now owns 818 shares of the company's stock valued at $106,000 after purchasing an additional 167 shares in the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

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Inter Parfums Price Performance

Shares of NASDAQ:IPAR traded down $2.57 during trading hours on Tuesday, hitting $104.12. 466,774 shares of the company's stock traded hands, compared to its average volume of 168,398. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. The company's fifty day simple moving average is $130.32 and its two-hundred day simple moving average is $129.57. Inter Parfums has a 52 week low of $100.92 and a 52 week high of $148.15. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 22.34 and a beta of 1.18.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $361.50 million during the quarter, compared to analyst estimates of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. As a group, equities analysts anticipate that Inter Parfums will post 5.14 EPS for the current fiscal year.

Inter Parfums Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.07%. This is a positive change from Inter Parfums's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums's dividend payout ratio is 62.87%.

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.