Shares of Inter Parfums, Inc. (NASDAQ:IPAR) have been assigned a consensus recommendation of “Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $39.57.

Several research analysts have recently commented on IPAR shares. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, May 1st. DA Davidson restated a “buy” rating and issued a $44.00 price objective on shares of Inter Parfums in a research report on Monday, May 8th. Jefferies Group LLC initiated coverage on shares of Inter Parfums in a research report on Friday, June 2nd. They issued a “hold” rating and a $35.00 price objective for the company. Finally, BidaskClub upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th.

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Shares of Inter Parfums (NASDAQ:IPAR) opened at 38.45 on Tuesday. The firm has a market capitalization of $1.20 billion, a PE ratio of 30.52 and a beta of 1.77. Inter Parfums has a 52-week low of $29.40 and a 52-week high of $41.70. The company has a 50-day moving average price of $36.79 and a 200 day moving average price of $35.72.

Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Monday, August 7th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $129.10 million for the quarter, compared to the consensus estimate of $122.57 million. Inter Parfums had a return on equity of 8.10% and a net margin of 7.12%. Inter Parfums’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. Analysts expect that Inter Parfums will post $1.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, June 28th. Inter Parfums’s payout ratio is 53.54%.

Several hedge funds have recently modified their holdings of the stock. Royce & Associates LP boosted its stake in shares of Inter Parfums by 20.4% in the second quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock valued at $21,999,000 after buying an additional 101,565 shares during the last quarter. 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 valued at $60,254,000 after buying an additional 89,133 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Inter Parfums by 24.1% in the first quarter. Eagle Asset Management Inc. now owns 445,088 shares of the company’s stock valued at $16,267,000 after buying an additional 86,528 shares during the last quarter. 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 valued at $25,190,000 after buying an additional 83,782 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in shares of Inter Parfums during the first quarter valued at approximately $1,988,000. Institutional investors own 54.18% of the company’s stock.

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.

Analyst Recommendations for Inter Parfums (NASDAQ:IPAR)

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