Brokerages Set Inter Parfums, Inc. (NASDAQ:IPAR) PT at $157.60

Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) has earned an average rating of "Buy" from the five brokerages that are presently covering the stock, Marketbeat reports. Five equities 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 $157.60.

Several equities analysts recently commented on the stock. Canaccord Genuity Group upped their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Piper Sandler reissued an "overweight" rating and issued a $138.00 target price (down from $169.00) on shares of Inter Parfums in a report on Thursday, April 24th. DA Davidson restated a "buy" rating and issued a $170.00 price objective on shares of Inter Parfums in a research report on Tuesday, March 25th. Finally, BWS Financial reaffirmed a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research note on Monday, March 17th.

Institutional Trading of Inter Parfums

Several large investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new stake in Inter Parfums in the first quarter valued at approximately $3,897,000. Envestnet Asset Management Inc. boosted its holdings in shares of Inter Parfums by 10.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 122,594 shares of the company's stock valued at $13,960,000 after acquiring an additional 11,784 shares in the last quarter. Eukles Asset Management bought a new stake in Inter Parfums during the 1st quarter worth $30,000. Principal Financial Group Inc. increased its holdings in Inter Parfums by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 89,580 shares of the company's stock worth $10,200,000 after purchasing an additional 2,041 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Inter Parfums in the first quarter valued at about $5,114,000. Institutional investors and hedge funds own 55.57% of the company's stock.

Inter Parfums Stock Up 0.2 %

Shares of Inter Parfums stock traded up $0.20 during trading hours on Friday, hitting $109.40. 35,778 shares of the company's stock traded hands, compared to its average volume of 177,020. The company has a market cap of $3.51 billion, a PE ratio of 23.52 and a beta of 1.15. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The stock has a 50 day simple moving average of $117.52 and a 200-day simple moving average of $127.08. Inter Parfums has a twelve month low of $97.65 and a twelve month high of $148.15.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its 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 business had revenue of $361.50 million during the quarter, compared to analyst estimates of $361.56 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. Equities research analysts anticipate that Inter Parfums will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.93%. This is an increase from Inter Parfums's previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 14th. Inter Parfums's dividend payout ratio is presently 62.87%.

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.