Inter Parfums, Inc. (NASDAQ:IPAR) Receives $76.20 Consensus Target Price from Analysts

Shares of Inter Parfums, Inc. (NASDAQ:IPAR) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $76.00.

Several research analysts recently weighed in on IPAR shares. DA Davidson upgraded shares of Inter Parfums from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Monday, June 10th. Zacks Investment Research cut shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine cut shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, BidaskClub upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Tuesday.

In other Inter Parfums news, CFO Russell Greenberg sold 4,433 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $68.14, for a total transaction of $302,064.62. Following the completion of the sale, the chief financial officer now owns 4,433 shares in the company, valued at approximately $302,064.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 44.60% of the company’s stock.



Several institutional investors have recently modified their holdings of the business. Arizona State Retirement System raised its position in shares of Inter Parfums by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 26,831 shares of the company’s stock valued at $1,784,000 after acquiring an additional 154 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Inter Parfums by 3.8% in the 1st quarter. Mason Street Advisors LLC now owns 5,554 shares of the company’s stock valued at $421,000 after buying an additional 202 shares in the last quarter. Piedmont Investment Advisors Inc. increased its position in shares of Inter Parfums by 6.3% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,361 shares of the company’s stock valued at $331,000 after buying an additional 257 shares in the last quarter. Huntington National Bank increased its position in shares of Inter Parfums by 13.4% in the 2nd quarter. Huntington National Bank now owns 2,193 shares of the company’s stock valued at $146,000 after buying an additional 259 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Inter Parfums by 0.9% in the 2nd quarter. Prudential Financial Inc. now owns 30,172 shares of the company’s stock valued at $2,006,000 after buying an additional 280 shares in the last quarter. Institutional investors own 54.11% of the company’s stock.

Shares of IPAR traded up $0.45 on Friday, hitting $68.20. The company’s stock had a trading volume of 21,977 shares, compared to its average volume of 89,457. The company has a market capitalization of $2.13 billion, a PE ratio of 39.88, a PEG ratio of 2.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.10 and a quick ratio of 2.10. Inter Parfums has a fifty-two week low of $54.22 and a fifty-two week high of $80.99. The company has a 50 day moving average price of $65.99 and a 200 day moving average price of $69.10.

Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Monday, August 5th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Inter Parfums had a return on equity of 9.84% and a net margin of 8.33%. The business had revenue of $166.20 million for the quarter, compared to the consensus estimate of $166.20 million. During the same period in the previous year, the business earned $0.35 EPS. Inter Parfums’s revenue was up 11.2% compared to the same quarter last year. On average, equities analysts forecast that Inter Parfums will post 1.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, September 27th. Inter Parfums’s payout ratio is 64.33%.

Inter Parfums Company Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.

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