Inter Parfums (NASDAQ:IPAR) Price Target Raised to $164.00

Inter Parfums (NASDAQ:IPAR) had its price objective boosted by Piper Sandler from $155.00 to $164.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 19.48% from the stock’s current price.

IPAR has been the subject of a number of other research reports. StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. BWS Financial reiterated a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research report on Monday, November 11th. Finally, DA Davidson restated a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a research report on Tuesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Inter Parfums presently has an average rating of “Moderate Buy” and an average target price of $159.75.

Inter Parfums Trading Down 1.9 %

NASDAQ:IPAR opened at $137.26 on Wednesday. The company has a market cap of $4.40 billion, a PE ratio of 29.45 and a beta of 1.20. The business’s 50 day moving average is $126.48 and its two-hundred day moving average is $123.73. 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 52 week low of $108.39 and a 52 week high of $156.75.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. During the same period last year, the business posted $1.66 earnings per share. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, analysts predict that Inter Parfums will post 5.15 EPS for the current year.

Insider Activity

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 43.90% of the company’s stock.

Institutional Investors Weigh In On Inter Parfums

Several institutional investors have recently bought and sold shares of IPAR. CWM LLC raised its position in shares of Inter Parfums by 44.4% during the 2nd quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after buying an additional 88 shares in the last quarter. Blue Trust Inc. lifted its position in Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after purchasing an additional 296 shares during the period. Mendota Financial Group LLC acquired a new stake in Inter Parfums in the second quarter worth approximately $89,000. Northwest & Ethical Investments L.P. bought a new position in Inter Parfums during the 3rd quarter valued at $104,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Inter Parfums during the 3rd quarter valued at $209,000. Institutional investors and hedge funds own 55.57% 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 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.