Analysts Set Inter Parfums, Inc. (NASDAQ:IPAR) Target Price at $159.75

Inter Parfums, Inc. (NASDAQ:IPAR) has received a consensus rating of “Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $159.40.

Several equities analysts recently issued reports on IPAR shares. DA Davidson reissued a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a report on Wednesday, December 18th. Piper Sandler raised their price objective 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. Canaccord Genuity Group started coverage on shares of Inter Parfums in a research report on Thursday, January 16th. They issued a “buy” rating and a $158.00 price objective for the company. Finally, 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.

Inter Parfums Trading Up 0.8 %

Shares of IPAR stock opened at $144.48 on Thursday. Inter Parfums has a 12-month low of $108.39 and a 12-month high of $156.75. The company has a market capitalization of $4.63 billion, a P/E ratio of 31.00 and a beta of 1.20. The firm has a 50-day moving average price of $133.60 and a 200 day moving average price of $128.03. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. During the same period last year, the firm posted $1.66 EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. Research analysts forecast that Inter Parfums will post 5.15 earnings per share for the current fiscal year.

Insider Transactions at Inter Parfums

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of Inter Parfums stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 43.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after purchasing an additional 81 shares during the period. Blue Trust Inc. grew its holdings in Inter Parfums by 83.4% during the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after purchasing an additional 296 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in Inter Parfums during the third quarter valued at approximately $104,000. Crossmark Global Holdings Inc. acquired a new position in Inter Parfums during the third quarter valued at approximately $209,000. Finally, Choreo LLC acquired a new position in Inter Parfums during the second quarter valued at approximately $213,000. 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.