Brokerages Set Inter Parfums, Inc. (NASDAQ:IPAR) Price Target at $162.80

Shares of Inter Parfums, Inc. (NASDAQ:IPAR) have been assigned an average recommendation of “Buy” from the five research firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $162.80.

IPAR has been the subject of a number of research reports. Canaccord Genuity Group increased their price target on Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. DA Davidson increased their price target on Inter Parfums from $163.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Piper Sandler increased their price target on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, BWS Financial reaffirmed a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research note on Monday, January 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IPAR. GAMMA Investing LLC grew 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 purchasing an additional 81 shares in the last quarter. Coppell Advisory Solutions LLC grew its stake in Inter Parfums by 210.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock valued at $67,000 after purchasing an additional 347 shares in the last quarter. SRH Advisors LLC grew 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 purchasing an additional 475 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in Inter Parfums in the third quarter valued at about $104,000. Finally, Canada Pension Plan Investment Board grew its stake in Inter Parfums by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock valued at $105,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Stock Up 2.4 %

Shares of Inter Parfums stock opened at $134.86 on Friday. 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 business’s 50 day simple moving average is $136.11 and its 200-day simple moving average is $129.96. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 28.94 and a beta of 1.18. Inter Parfums has a twelve month low of $108.39 and a twelve month high of $148.15.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $361.50 million for the quarter, compared to analyst estimates of $361.56 million. Equities research analysts forecast that Inter Parfums will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.80 per share. This is a boost from Inter Parfums’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a yield of 2.37%. Inter Parfums’s dividend payout ratio (DPR) is presently 62.87%.

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.