Inter Parfums, Inc. (NASDAQ:IPAR) Given Consensus Rating of "Buy" by Analysts

Shares of Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) have been given an average recommendation of "Buy" by the five ratings firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have covered the stock in the last year is $162.80.

A number of research firms recently issued reports on IPAR. Piper Sandler increased their target price on Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. DA Davidson upped their price target on Inter Parfums from $163.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Canaccord Genuity Group upped their price target on Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, BWS Financial reaffirmed a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research report on Monday, January 27th.

Inter Parfums Trading Up 2.4 %

Shares of IPAR stock traded up $3.18 on Friday, reaching $134.86. The company had a trading volume of 289,027 shares, compared to its average volume of 145,154. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The stock has a market cap of $4.32 billion, a PE ratio of 28.94 and a beta of 1.18. The company has a 50-day moving average of $136.11 and a 200-day moving average of $129.96. Inter Parfums has a 12 month low of $108.39 and a 12 month high of $148.15.

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

Inter Parfums Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Friday, March 14th. This is an increase from Inter Parfums's previous quarterly dividend of $0.75. Inter Parfums's dividend payout ratio is presently 62.87%.

Institutional Investors Weigh In On Inter Parfums

Several large investors have recently made changes to their positions in IPAR. Creative Planning boosted its holdings in shares of Inter Parfums by 36.3% in the 3rd quarter. Creative Planning now owns 3,104 shares of the company's stock valued at $402,000 after buying an additional 826 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Inter Parfums by 12.2% in the 3rd quarter. US Bancorp DE now owns 6,872 shares of the company's stock valued at $890,000 after buying an additional 746 shares during the last quarter. Olympiad Research LP acquired a new stake in shares of Inter Parfums in the 3rd quarter valued at approximately $505,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Inter Parfums in the 3rd quarter valued at approximately $209,000. Finally, WCM Investment Management LLC boosted its holdings in shares of Inter Parfums by 2.9% in the 3rd quarter. WCM Investment Management LLC now owns 193,660 shares of the company's stock valued at $24,835,000 after buying an additional 5,482 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company's stock.

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.