Brokerages Set Interparfums, Inc. (NASDAQ:IPAR) Price Target at $157.60

Shares of Interparfums, Inc. (NASDAQ:IPAR - Get Free Report) have received an average rating of "Buy" from the five research firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is $157.60.

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

Interparfums Stock Performance

IPAR stock traded down $2.53 during trading hours on Friday, hitting $132.80. 259,503 shares of the stock were exchanged, compared to its average volume of 190,192. The company has a current ratio of 2.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $4.27 billion, a P/E ratio of 25.84 and a beta of 1.40. The company has a 50-day simple moving average of $122.65 and a two-hundred day simple moving average of $127.89. Interparfums has a 12 month low of $97.65 and a 12 month high of $148.15.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.19. The company had revenue of $339.00 million for the quarter, compared to analyst estimates of $329.21 million. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. Interparfums's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 EPS. On average, analysts forecast that Interparfums will post 5.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Philippe Santi sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $139.23, for a total transaction of $139,230.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Veronique Gabai-Pinsky sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total value of $183,225.00. The disclosure for this sale can be found here. 43.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Interparfums

Hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Interparfums by 251.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock valued at $79,645,000 after buying an additional 500,378 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Interparfums during the 4th quarter valued at $46,649,000. Raymond James Financial Inc. purchased a new position in shares of Interparfums during the 4th quarter valued at $39,070,000. Norges Bank purchased a new stake in Interparfums during the 4th quarter worth about $32,095,000. Finally, Victory Capital Management Inc. lifted its holdings in Interparfums by 55.0% during the 4th quarter. Victory Capital Management Inc. now owns 563,646 shares of the company's stock worth $74,125,000 after purchasing an additional 200,079 shares in the last quarter. Institutional investors own 55.57% of the company's stock.

About Interparfums

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.