Inter Parfums, Inc. (NASDAQ:IPAR) has received an average recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $44.00.

A number of research firms have recently weighed in on IPAR. Sidoti downgraded shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. DA Davidson downgraded shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a report on Thursday, October 26th. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Thursday, October 26th. KeyCorp set a $44.00 price objective on shares of Inter Parfums and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, BidaskClub raised shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th.

In other Inter Parfums news, Director Patrick Choel sold 750 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.59, for a total value of $31,192.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Torres Robert Bensoussan sold 6,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $42.09, for a total transaction of $252,540.00. The disclosure for this sale can be found here. 45.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its stake in shares of Inter Parfums by 68.9% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock valued at $116,000 after purchasing an additional 1,296 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Inter Parfums by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock worth $150,000 after acquiring an additional 614 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Inter Parfums during the third quarter worth about $218,000. Municipal Employees Retirement System of Michigan boosted its stake in Inter Parfums by 68.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,500 shares of the company’s stock worth $238,000 after acquiring an additional 2,640 shares in the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in Inter Parfums during the third quarter worth about $268,000. 55.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Inter Parfums (NASDAQ:IPAR) opened at $44.15 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.39 and a quick ratio of 2.54. Inter Parfums has a fifty-two week low of $31.45 and a fifty-two week high of $46.80. The firm has a market cap of $1,376.90, a PE ratio of 32.46, a P/E/G ratio of 2.79 and a beta of 1.77.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The firm had revenue of $169.50 million during the quarter, compared to analyst estimates of $160.52 million. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. analysts expect that Inter Parfums will post 1.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Thursday, December 28th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.17. Inter Parfums’s dividend payout ratio (DPR) is presently 51.13%.

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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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