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

Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) has been assigned a consensus recommendation of "Buy" from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $159.40.

A number of analysts have weighed in on the stock. Piper Sandler raised their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. DA Davidson restated a "buy" rating and issued a $163.00 price objective on shares of Inter Parfums in a research note on Wednesday, December 18th. Canaccord Genuity Group assumed coverage on Inter Parfums in a report on Thursday. They set a "buy" rating and a $158.00 price objective on the stock. Finally, BWS Financial reissued a "buy" rating and issued a $172.00 target price on shares of Inter Parfums in a report on Monday, November 11th.

Insider Buying and Selling

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 43.90% of the company's stock.

Institutional Investors Weigh In On Inter Parfums

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of Inter Parfums by 55.9% in the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company's stock valued at $30,000 after purchasing an additional 81 shares in the last quarter. Blue Trust Inc. increased its holdings in Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company's stock valued at $84,000 after buying an additional 296 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Inter Parfums during the 3rd quarter valued at approximately $104,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Inter Parfums during the 3rd quarter worth approximately $209,000. Finally, Choreo LLC acquired a new stake in shares of Inter Parfums in the 2nd quarter worth approximately $213,000. Institutional investors and hedge funds own 55.57% of the company's stock.

Inter Parfums Stock Up 3.7 %

Shares of IPAR stock traded up $4.92 during trading hours on Thursday, reaching $137.85. 117,783 shares of the stock were exchanged, compared to its average volume of 110,838. The business's fifty day moving average is $132.29 and its two-hundred day moving average is $127.12. The firm has a market capitalization of $4.42 billion, a P/E ratio of 29.58 and a beta of 1.20. Inter Parfums has a 12-month low of $108.39 and a 12-month high of $156.75. 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 (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The business had revenue of $425.00 million during the quarter, compared to analysts' expectations of $425.00 million. During the same period in the previous year, the company earned $1.66 EPS. The company's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, research analysts expect that Inter Parfums will post 5.15 EPS for the current fiscal year.

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.