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

Inter Parfums, Inc. (NASDAQ:IPAR) has been given a consensus recommendation of “Buy” by the five research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have covered the stock in the last year is $157.60.

A number of equities research analysts have recently issued reports on the company. DA Davidson restated a “buy” rating and issued a $170.00 price target on shares of Inter Parfums in a research report on Tuesday, March 25th. Piper Sandler restated an “overweight” rating and issued a $138.00 target price (down from $169.00) on shares of Inter Parfums in a report on Thursday, April 24th. Canaccord Genuity Group lifted 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. Finally, BWS Financial restated a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research note on Wednesday, May 7th.

Insider Transactions at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’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 SEC, which can be accessed through this link. Corporate insiders own 43.90% of the company’s stock.

Hedge Funds Weigh In On Inter Parfums

Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in Inter Parfums by 251.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock worth $79,645,000 after purchasing an additional 500,378 shares during the period. Westwood Holdings Group Inc. purchased a new stake in shares of Inter Parfums during the 4th quarter valued at about $46,649,000. Raymond James Financial Inc. purchased a new stake in shares of Inter Parfums during the 4th quarter valued at about $39,070,000. Norges Bank acquired a new position in Inter Parfums during the 4th quarter worth approximately $32,095,000. Finally, Victory Capital Management Inc. boosted its holdings in Inter Parfums by 55.0% in the 4th quarter. Victory Capital Management Inc. now owns 563,646 shares of the company’s stock worth $74,125,000 after acquiring an additional 200,079 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Inter Parfums Stock Down 1.0%

NASDAQ:IPAR opened at $130.00 on Wednesday. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 27.90 and a beta of 1.33. Inter Parfums has a twelve month low of $97.65 and a twelve month high of $148.15. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $114.18 and a 200-day simple moving average of $127.19.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Monday, May 5th. The company reported $1.32 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 the consensus estimate of $329.21 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. Inter Parfums’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $1.27 EPS. Analysts anticipate that Inter Parfums will post 5.14 EPS 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.