Inter Parfums, Inc. (NASDAQ:IPAR) Receives Average Recommendation of "Buy" from Analysts

Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) has been given an average recommendation of "Buy" by the five analysts that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $157.60.

Several brokerages recently commented on IPAR. BWS Financial reaffirmed a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a report on Wednesday, May 7th. DA Davidson restated a "buy" rating and issued a $170.00 target price on shares of Inter Parfums in a research report on Tuesday, March 25th. Canaccord Genuity Group boosted their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Piper Sandler restated an "overweight" rating and issued a $138.00 target price (down from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th.

Insider Buying and Selling at Inter Parfums

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total value of $183,225.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Philippe Santi sold 1,000 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total transaction of $139,230.00. The disclosure for this sale can be found here. Corporate insiders own 43.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its stake in shares of Inter Parfums by 7.9% in the fourth quarter. Legal & General Group Plc now owns 53,264 shares of the company's stock valued at $7,005,000 after buying an additional 3,911 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Inter Parfums by 36.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,108 shares of the company's stock valued at $540,000 after buying an additional 1,095 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Inter Parfums by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company's stock valued at $269,677,000 after buying an additional 20,721 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Inter Parfums by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 5,487 shares of the company's stock valued at $722,000 after buying an additional 1,690 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Inter Parfums by 3.8% in the fourth quarter. Wells Fargo & Company MN now owns 49,109 shares of the company's stock valued at $6,458,000 after buying an additional 1,780 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

Inter Parfums Stock Performance

Shares of IPAR opened at $136.06 on Friday. The firm has a 50-day moving average of $120.87 and a 200-day moving average of $127.88. Inter Parfums has a one year low of $97.65 and a one year high of $148.15. The company has a market cap of $4.37 billion, a PE ratio of 29.20 and a beta of 1.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.19. The company had revenue of $339.00 million during the quarter, compared to the consensus estimate of $329.21 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 EPS. As a group, equities analysts forecast that Inter Parfums will post 5.14 earnings per share for the current year.

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.

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