Inter Parfums, Inc. (NASDAQ:IPAR) Given Consensus Rating of “Buy” by Brokerages

Inter Parfums, Inc. (NASDAQ:IPAR) has earned a consensus recommendation of “Buy” from the five research firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $157.60.

IPAR has been the topic of several recent research reports. BWS Financial reiterated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Monday, March 17th. DA Davidson reiterated a “buy” rating and set a $170.00 price objective on shares of Inter Parfums in a research note on Tuesday, March 25th. Piper Sandler restated an “overweight” rating and set a $138.00 price objective (down from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. Finally, Canaccord Genuity Group upped their price objective on Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th.

Inter Parfums Stock Performance

IPAR opened at $109.20 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. Inter Parfums has a 12-month low of $97.65 and a 12-month high of $148.15. The business has a 50 day moving average of $117.52 and a 200-day moving average of $127.08. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 23.43 and a beta of 1.15.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 earnings per share 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 company had revenue of $361.50 million during the quarter, compared to the consensus estimate of $361.56 million. On average, equities research analysts expect that Inter Parfums will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.80 per share. The ex-dividend date was Friday, March 14th. This is an increase from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.93%. Inter Parfums’s dividend payout ratio is 62.87%.

Institutional Investors Weigh In On Inter Parfums

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its position in Inter Parfums by 55.9% in the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after purchasing an additional 81 shares during the last quarter. Eukles Asset Management acquired a new stake in Inter Parfums during the 1st quarter worth approximately $30,000. Blue Trust Inc. grew its holdings in Inter Parfums by 52.0% during the 1st quarter. Blue Trust Inc. now owns 506 shares of the company’s stock worth $58,000 after acquiring an additional 173 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in Inter Parfums by 210.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock worth $67,000 after acquiring an additional 347 shares during the last quarter. Finally, SRH Advisors LLC increased its position in Inter Parfums by 791.7% in the 4th quarter. SRH Advisors LLC now owns 535 shares of the company’s stock valued at $70,000 after acquiring an additional 475 shares during the period. Institutional investors and hedge funds 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.