Inter Parfums, Inc. (NASDAQ:IPAR) Receives $157.60 Average PT from Brokerages

Shares of Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) have earned a consensus rating of "Buy" from the five research firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $157.60.

A number of equities analysts have recently weighed in on IPAR shares. Piper Sandler reaffirmed an "overweight" rating and issued a $138.00 price target (down from $169.00) on shares of Inter Parfums in a research note on Thursday, April 24th. DA Davidson reiterated a "buy" rating and issued a $170.00 price objective on shares of Inter Parfums in a report on Tuesday, March 25th. Canaccord Genuity Group upped their price objective on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, BWS Financial reiterated a "buy" rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Wednesday, May 7th.

Inter Parfums Stock Down 1.0%

NASDAQ:IPAR traded down $1.25 during trading hours on Wednesday, hitting $130.00. 246,076 shares of the stock traded hands, compared to its average volume of 186,128. The firm has a 50 day moving average price of $114.33 and a 200 day moving average price of $127.20. 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 fifty-two week low of $97.65 and a fifty-two week high of $148.15. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 27.90 and a beta of 1.33.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.19. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The business had revenue of $339.00 million for the quarter, compared to the consensus estimate of $329.21 million. During the same period in the prior year, the business posted $1.27 earnings per share. Inter Parfums's revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that Inter Parfums will post 5.14 earnings per share for the current year.

Insider Buying and Selling

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total transaction of $183,225.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 43.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Inter Parfums

Hedge funds have recently bought and sold shares of the company. Eukles Asset Management bought a new stake in Inter Parfums during the first quarter valued at about $30,000. CWM LLC boosted its holdings in Inter Parfums by 29.4% during the first quarter. CWM LLC now owns 418 shares of the company's stock valued at $48,000 after acquiring an additional 95 shares during the period. Blue Trust Inc. raised its position in shares of Inter Parfums by 52.0% during the first quarter. Blue Trust Inc. now owns 506 shares of the company's stock valued at $58,000 after buying an additional 173 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in shares of Inter Parfums by 210.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock valued at $67,000 after buying an additional 347 shares during the last quarter. Finally, SRH Advisors LLC raised its position in shares of Inter Parfums by 791.7% during the fourth quarter. SRH Advisors LLC now owns 535 shares of the company's stock valued at $70,000 after buying an additional 475 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors.

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.