Inter Parfums, Inc. (NASDAQ:IPAR) Receives $162.80 Average PT from Brokerages

Inter Parfums, Inc. (NASDAQ:IPAR) has been assigned an average rating of “Buy” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $162.80.

IPAR has been the subject of several analyst reports. DA Davidson restated a “buy” rating and set a $170.00 price target on shares of Inter Parfums in a research note on Tuesday, March 25th. BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Monday, March 17th. Finally, Canaccord Genuity Group raised their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th.

Inter Parfums Trading Down 6.8 %

IPAR opened at $106.69 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. Inter Parfums has a 52 week low of $102.49 and a 52 week high of $148.15. The business’s 50 day moving average is $131.05 and its two-hundred day moving average is $129.68. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 22.89 and a beta of 1.18.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $361.50 million for the quarter, compared to analysts’ expectations of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. On average, research analysts predict that Inter Parfums will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.80 per share. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums’s payout ratio is presently 62.87%.

Hedge Funds Weigh In On Inter Parfums

A number of large investors have recently made changes to their positions in IPAR. GAMMA Investing LLC grew its position in Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after buying an additional 81 shares during the period. Coppell Advisory Solutions LLC grew its holdings in shares of Inter Parfums by 210.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock worth $67,000 after acquiring an additional 347 shares during the period. SRH Advisors LLC grew its holdings in shares of Inter Parfums by 791.7% in the 4th quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after acquiring an additional 475 shares during the period. Canada Pension Plan Investment Board increased its stake in Inter Parfums by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock valued at $105,000 after purchasing an additional 400 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Inter Parfums by 25.7% during the fourth quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $106,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Company Profile

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.