Shares of Inter Parfums Inc. (NASDAQ:IPAR) have been assigned an average recommendation of “Buy” from the eight brokerages that are covering the stock. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $36.71.
Several research analysts recently issued reports on IPAR shares. Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Wednesday, October 26th. B. Riley restated a “buy” rating and set a $40.00 price objective on shares of Inter Parfums in a research report on Thursday, November 10th. Brean Capital lifted their price objective on Inter Parfums from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, August 15th. Citigroup Inc. lifted their price objective on Inter Parfums from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and issued a $33.00 price target (up from $29.00) on shares of Inter Parfums in a report on Saturday, August 13th.
In other news, CFO Russell Greenberg sold 2,677 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $34.80, for a total transaction of $93,159.60. Following the completion of the sale, the chief financial officer now directly owns 677 shares of the company’s stock, valued at approximately $23,559.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 45.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in IPAR. Credit Suisse AG boosted its stake in shares of Inter Parfums by 72.7% in the third quarter. Credit Suisse AG now owns 45,813 shares of the company’s stock valued at $1,479,000 after buying an additional 19,284 shares in the last quarter. Tributary Capital Management LLC boosted its stake in shares of Inter Parfums by 7.3% in the third quarter. Tributary Capital Management LLC now owns 185,514 shares of the company’s stock valued at $5,987,000 after buying an additional 12,654 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Inter Parfums during the third quarter valued at about $250,000. The Manufacturers Life Insurance Company bought a new stake in shares of Inter Parfums during the third quarter valued at about $2,511,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Inter Parfums during the third quarter valued at about $262,000. 54.89% of the stock is owned by institutional investors.
Inter Parfums (NASDAQ:IPAR) traded up 0.43% on Friday, hitting $34.75. The stock had a trading volume of 13,380 shares. Inter Parfums has a one year low of $20.37 and a one year high of $35.07. The company’s 50-day moving average price is $32.37 and its 200 day moving average price is $31.38. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 34.75 and a beta of 1.63.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Inter Parfums had a return on equity of 6.62% and a net margin of 6.20%. The firm earned $157.60 million during the quarter, compared to the consensus estimate of $155.23 million. During the same period in the previous year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. Analysts expect that Inter Parfums will post $1.10 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.97%. Inter Parfums’s payout ratio is currently 59.41%.