Interparfums, Inc. (NASDAQ:IPAR) Receives Average Recommendation of "Buy" from Brokerages

Interparfums, Inc. (NASDAQ:IPAR - Get Free Report) has received a consensus rating of "Buy" from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have covered the stock in the last year is $157.60.

Several equities analysts have recently commented on IPAR shares. DA Davidson reiterated a "buy" rating and set a $170.00 target price on shares of Interparfums in a research note on Tuesday, March 25th. BWS Financial reaffirmed a "buy" rating and set a $172.00 target price on shares of Interparfums in a report on Wednesday, May 7th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $138.00 price target (down from $169.00) on shares of Interparfums in a report on Thursday, April 24th.

Insiders Place Their Bets

In other Interparfums news, VP Philippe Santi sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total value of $139,230.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gilbert Harrison sold 400 shares of Interparfums stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $133.96, for a total value of $53,584.00. Following the sale, the director directly owned 1,550 shares in the company, valued at approximately $207,638. This trade represents a 20.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,900 shares of company stock valued at $376,039 over the last three months. Company insiders own 43.90% of the company's stock.

Institutional Trading of Interparfums

Several large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake 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 purchasing an additional 500,378 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Interparfums during the 4th quarter worth about $46,649,000. Raymond James Financial Inc. acquired a new stake in shares of Interparfums in the 4th quarter worth approximately $39,070,000. Norges Bank bought a new position in shares of Interparfums in the fourth quarter valued at approximately $32,095,000. Finally, Victory Capital Management Inc. increased its stake in shares of Interparfums by 26.9% during the first quarter. Victory Capital Management Inc. now owns 715,004 shares of the company's stock valued at $81,418,000 after acquiring an additional 151,358 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Interparfums Trading Up 1.1%

NASDAQ IPAR traded up $1.47 during trading hours on Thursday, hitting $136.49. 190,720 shares of the company's stock were exchanged, compared to its average volume of 192,080. The business's 50 day moving average is $131.15 and its 200-day moving average is $127.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.68 and a current ratio of 2.97. Interparfums has a 12-month low of $97.65 and a 12-month high of $148.15. The firm has a market capitalization of $4.38 billion, a P/E ratio of 26.55 and a beta of 1.36.

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

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.