Inter Parfums, Inc. (NASDAQ:IPAR) Receives $159.40 Average Target Price from Analysts

Inter Parfums, Inc. (NASDAQ:IPAR) has received a consensus rating of “Buy” from the five analysts that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $159.40.

A number of research firms have issued reports on IPAR. DA Davidson reissued a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research note on Thursday, January 23rd. BWS Financial restated a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Monday, January 27th. Piper Sandler boosted their price target on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Canaccord Genuity Group began coverage on Inter Parfums in a report on Thursday, January 16th. They issued a “buy” rating and a $158.00 price target on the stock.

Inter Parfums Stock Down 1.9 %

NASDAQ:IPAR opened at $135.99 on Monday. Inter Parfums has a 1 year low of $108.39 and a 1 year high of $154.54. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 29.18 and a beta of 1.20. The stock has a 50-day moving average price of $135.38 and a two-hundred day moving average price of $129.39.

Insider Buying and Selling

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $133.04, for a total transaction of $532,160.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 43.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Inter Parfums

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake 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 buying an additional 81 shares during the period. SRH Advisors LLC raised its stake in Inter Parfums by 791.7% in the fourth quarter. SRH Advisors LLC now owns 535 shares of the company’s stock valued at $70,000 after buying an additional 475 shares during the period. Blue Trust Inc. raised its stake in Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after buying an additional 296 shares during the period. Northwest & Ethical Investments L.P. bought a new stake in Inter Parfums in the third quarter valued at approximately $104,000. Finally, Principal Securities Inc. raised its stake in Inter Parfums by 15.1% in the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock valued at $174,000 after buying an additional 174 shares during the period. Institutional investors 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.