Brokerages Set Inter Parfums, Inc. (NASDAQ:IPAR) Price Target at $162.80

Shares of Inter Parfums, Inc. (NASDAQ:IPAR) have been given an average recommendation of “Buy” by the five analysts that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $162.80.

Several research analysts have weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. DA Davidson reissued a “buy” rating and set a $170.00 target price on shares of Inter Parfums in a research report on Tuesday, March 25th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research report on Monday, March 17th.

Inter Parfums Stock Performance

Shares of Inter Parfums stock opened at $104.12 on Tuesday. The business has a 50-day simple moving average of $130.32 and a 200 day simple moving average of $129.57. Inter Parfums has a one year low of $100.92 and a one year high of $148.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 22.34 and a beta of 1.18.

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

Inter Parfums Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors 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 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Friday, March 14th. Inter Parfums’s dividend payout ratio (DPR) is presently 62.87%.

Hedge Funds Weigh In On Inter Parfums

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 81 shares during the period. Coppell Advisory Solutions LLC increased its position in shares of Inter Parfums by 210.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock valued at $67,000 after purchasing an additional 347 shares during the last quarter. SRH Advisors LLC increased its position in shares of Inter Parfums by 791.7% during the 4th quarter. SRH Advisors LLC now owns 535 shares of the company’s stock valued at $70,000 after purchasing an additional 475 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Inter Parfums by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock worth $105,000 after purchasing an additional 400 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Inter Parfums by 25.7% in the 4th quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $106,000 after buying an additional 167 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

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.