Inter Parfums, Inc. (IPAR) Receives Average Rating of “Buy” from Brokerages
Inter Parfums, Inc. (NASDAQ:IPAR) has been given an average recommendation of “Buy” by the eight brokerages that are covering the firm. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $39.43.
IPAR has been the topic of several research reports. DA Davidson reaffirmed a “buy” rating and set a $44.00 price objective on shares of Inter Parfums in a research report on Monday, May 8th. B. Riley lifted their price objective on Inter Parfums from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, March 15th. Finally, Zacks Investment Research raised Inter Parfums from a “sell” rating to a “hold” rating in a research report on Tuesday, February 28th.
In other Inter Parfums news, CFO Russell Greenberg sold 15,000 shares of Inter Parfums stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $37.75, for a total transaction of $566,250.00. Following the sale, the chief financial officer now directly owns 8,000 shares of the company’s stock, valued at approximately $302,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 45.50% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Inter Parfums by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,648,533 shares of the company’s stock worth $60,254,000 after buying an additional 89,133 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Inter Parfums by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,375,410 shares of the company’s stock worth $50,271,000 after buying an additional 29,457 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Inter Parfums by 8.8% in the third quarter. BlackRock Fund Advisors now owns 1,218,671 shares of the company’s stock worth $39,327,000 after buying an additional 98,661 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its stake in shares of Inter Parfums by 0.7% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 1,125,492 shares of the company’s stock worth $36,860,000 after buying an additional 7,864 shares in the last quarter. Finally, Ranger Investment Management L.P. boosted its stake in shares of Inter Parfums by 13.8% in the first quarter. Ranger Investment Management L.P. now owns 689,187 shares of the company’s stock worth $25,190,000 after buying an additional 83,782 shares in the last quarter. 55.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Inter Parfums (NASDAQ:IPAR) opened at 34.50 on Tuesday. Inter Parfums has a 12 month low of $27.05 and a 12 month high of $41.70. The company’s 50 day moving average price is $36.18 and its 200 day moving average price is $34.74. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 27.38 and a beta of 1.59.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The business had revenue of $143.10 million for the quarter, compared to analysts’ expectations of $120.05 million. Inter Parfums had a return on equity of 6.62% and a net margin of 6.20%. The business’s revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. On average, equities analysts expect that Inter Parfums will post $1.26 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.68 annualized dividend and a yield of 1.97%. Inter Parfums’s payout ratio is 67.33%.
About Inter Parfums
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
Receive News & Ratings for Inter Parfums Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums Inc. and related companies with MarketBeat.com's FREE daily email newsletter.