Inter Parfums, Inc. (NASDAQ:IPAR) Given Average Recommendation of “Buy” by Brokerages

Shares of Inter Parfums, Inc. (NASDAQ:IPAR) have received an average rating of “Buy” from the four research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $159.75.

A number of research analysts recently issued reports on the company. Canaccord Genuity Group initiated coverage on Inter Parfums in a report on Thursday. They issued a “buy” rating and a $158.00 price target for the company. BWS Financial restated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research report on Monday, November 11th. Piper Sandler upped their target price on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, DA Davidson reissued a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a report on Wednesday, December 18th.

Inter Parfums Price Performance

Shares of Inter Parfums stock opened at $132.93 on Thursday. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 28.53 and a beta of 1.20. The firm’s 50-day moving average price is $132.29 and its two-hundred day moving average price is $127.12. 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 1-year low of $108.39 and a 1-year high of $156.75.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The business had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. During the same period in the prior year, the company earned $1.66 EPS. Inter Parfums’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities analysts predict that Inter Parfums will post 5.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at this hyperlink. Insiders own 43.90% of the company’s stock.

Institutional Trading of Inter Parfums

A number of institutional investors and hedge funds have recently modified their holdings of the stock. WCM Investment Management LLC boosted its stake in Inter Parfums by 2.9% during the 3rd quarter. WCM Investment Management LLC now owns 193,660 shares of the company’s stock worth $24,835,000 after acquiring an additional 5,482 shares during the last quarter. Algert Global LLC boosted its position in shares of Inter Parfums by 18.6% during the second quarter. Algert Global LLC now owns 70,564 shares of the company’s stock worth $8,188,000 after purchasing an additional 11,089 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Inter Parfums by 50.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 23,034 shares of the company’s stock valued at $2,982,000 after buying an additional 7,771 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Inter Parfums by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company’s stock valued at $85,384,000 after buying an additional 4,862 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Inter Parfums by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock worth $56,481,000 after buying an additional 5,056 shares during the period. 55.57% of the stock is owned by institutional investors.

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.