Inter Parfums, Inc. (NASDAQ:IPAR) Receives $159.40 Consensus Price Target from Brokerages

Shares of Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) have received a consensus recommendation of "Buy" from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $159.40.

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group assumed coverage on shares of Inter Parfums in a report on Thursday, January 16th. They set a "buy" rating and a $158.00 price objective on the stock. BWS Financial restated a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a report on Monday, January 27th. Piper Sandler lifted their target price on shares of Inter Parfums from $155.00 to $164.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Finally, DA Davidson reiterated a "buy" rating and set a $163.00 target price on shares of Inter Parfums in a research report on Thursday, January 23rd.

Insider Activity

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 43.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Inter Parfums

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Inter Parfums by 55.9% in the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company's stock valued at $30,000 after buying an additional 81 shares in the last quarter. SRH Advisors LLC boosted its position in Inter Parfums by 791.7% in the fourth quarter. SRH Advisors LLC now owns 535 shares of the company's stock valued at $70,000 after buying an additional 475 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company's stock worth $84,000 after acquiring an additional 296 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in shares of Inter Parfums in the third quarter worth about $104,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Inter Parfums by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock worth $105,000 after acquiring an additional 400 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Inter Parfums Stock Performance

Shares of NASDAQ:IPAR traded up $3.96 on Monday, hitting $139.95. 105,611 shares of the company were exchanged, compared to its average volume of 113,466. The company's 50 day moving average price is $135.38 and its two-hundred day moving average price is $129.39. Inter Parfums has a one year low of $108.39 and a one year high of $154.54. 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 firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 30.03 and a beta of 1.20.

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.