Inter Parfums (NASDAQ:IPAR) had its price target raised by research analysts at Citigroup from $73.00 to $83.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the stock. Citigroup‘s price objective points to a potential upside of 7.54% from the stock’s previous close.
Several other analysts also recently commented on IPAR. BidaskClub raised shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. ValuEngine downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. DA Davidson downgraded shares of Inter Parfums from a “buy” rating to a “neutral” rating and increased their price objective for the company from $78.00 to $82.00 in a research report on Thursday. Finally, Zacks Investment Research downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Inter Parfums presently has a consensus rating of “Hold” and an average price target of $77.80.
Shares of NASDAQ:IPAR traded down $0.56 during midday trading on Thursday, reaching $77.18. The company’s stock had a trading volume of 979 shares, compared to its average volume of 76,967. The firm has a 50 day moving average of $71.81 and a 200-day moving average of $68.29. The firm has a market capitalization of $2.47 billion, a P/E ratio of 45.13, a PEG ratio of 3.33 and a beta of 0.88. The company has a quick ratio of 2.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.06. Inter Parfums has a 12-month low of $55.25 and a 12-month high of $81.40.
Inter Parfums (NASDAQ:IPAR) last released its earnings results on Tuesday, November 5th. The company reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.01). Inter Parfums had a return on equity of 10.15% and a net margin of 8.43%. The business had revenue of $191.20 million during the quarter, compared to analysts’ expectations of $191.18 million. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts predict that Inter Parfums will post 1.88 EPS for the current year.
In other Inter Parfums news, CFO Russell Greenberg sold 5,000 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $70.20, for a total transaction of $351,000.00. Following the transaction, the chief financial officer now owns 5,000 shares in the company, valued at approximately $351,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 11,933 shares of company stock worth $824,315 in the last 90 days. Company insiders own 44.60% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of IPAR. Quadrant Capital Group LLC lifted its stake in shares of Inter Parfums by 1,084.4% in the 1st quarter. Quadrant Capital Group LLC now owns 379 shares of the company’s stock worth $28,000 after purchasing an additional 347 shares during the period. CENTRAL TRUST Co purchased a new stake in Inter Parfums in the 2nd quarter worth approximately $48,000. Point72 Hong Kong Ltd increased its holdings in Inter Parfums by 97.6% in the 2nd quarter. Point72 Hong Kong Ltd now owns 737 shares of the company’s stock worth $49,000 after acquiring an additional 364 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in Inter Parfums in the 2nd quarter worth approximately $57,000. Finally, Quantamental Technologies LLC purchased a new stake in Inter Parfums in the 4th quarter worth approximately $105,000. Institutional investors and hedge funds own 53.50% of the company’s stock.
Inter Parfums Company Profile
Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.
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