Inter Parfums (NASDAQ:IPAR) Price Target Raised to $170.00

Inter Parfums (NASDAQ:IPAR - Free Report) had its price objective increased by DA Davidson from $163.00 to $170.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock. DA Davidson also issued estimates for Inter Parfums' Q1 2025 earnings at $1.30 EPS, Q1 2025 earnings at $1.14 EPS, FY2026 earnings at $5.81 EPS and FY2026 earnings at $5.85 EPS.

A number of other equities research analysts have also issued reports on the company. Canaccord Genuity Group began coverage on Inter Parfums in a research note on Thursday, January 16th. They issued a "buy" rating and a $158.00 target price on the stock. Piper Sandler boosted their price target on Inter Parfums from $155.00 to $164.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Finally, 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Inter Parfums currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.80.

Inter Parfums Price Performance

Shares of NASDAQ:IPAR traded down $3.87 during trading on Thursday, hitting $135.05. 221,613 shares of the stock were exchanged, compared to its average volume of 142,033. The company has a fifty day moving average price of $135.89 and a two-hundred day moving average price of $129.73. The company has a market cap of $4.33 billion, a PE ratio of 28.98 and a beta of 1.20. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. 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 announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The firm had revenue of $361.50 million for the quarter, compared to analysts' expectations of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. On average, analysts forecast that Inter Parfums will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, March 14th. This is a positive change from Inter Parfums's previous quarterly dividend of $0.75. Inter Parfums's dividend payout ratio (DPR) is currently 62.87%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IPAR. Victory Capital Management Inc. increased its stake in shares of Inter Parfums by 5,393.6% during the third quarter. Victory Capital Management Inc. now owns 363,567 shares of the company's stock valued at $47,075,000 after acquiring an additional 356,949 shares during the period. Westwood Holdings Group Inc. bought a new stake in Inter Parfums during the fourth quarter worth approximately $46,649,000. Raymond James Financial Inc. bought a new stake in Inter Parfums during the fourth quarter worth approximately $39,070,000. Norges Bank bought a new stake in Inter Parfums during the fourth quarter worth approximately $32,095,000. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Inter Parfums by 10.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company's stock worth $147,913,000 after purchasing an additional 108,321 shares during the period. Institutional investors and hedge funds own 55.57% of the company's stock.

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.