Inter Parfums, Inc. (NASDAQ:IPAR) Receives Average Rating of “Buy” from Brokerages

Inter Parfums, Inc. (NASDAQ:IPAR) has received a consensus rating of “Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is $159.40.

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

Insider Activity at Inter Parfums

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 43.90% of the stock is owned by corporate insiders.

Institutional Trading of Inter Parfums

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Inter Parfums by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company’s stock worth $269,677,000 after acquiring an additional 20,721 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Inter Parfums by 10.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company’s stock worth $147,913,000 after acquiring an additional 108,321 shares during the period. State Street Corp lifted its position in shares of Inter Parfums by 0.3% in the 3rd quarter. State Street Corp now owns 676,253 shares of the company’s stock worth $87,561,000 after acquiring an additional 2,255 shares during the period. Royce & Associates LP lifted its position in shares of Inter Parfums by 0.7% in the 3rd quarter. Royce & Associates LP now owns 595,175 shares of the company’s stock worth $77,063,000 after acquiring an additional 4,345 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Inter Parfums by 55.0% in the 4th quarter. Victory Capital Management Inc. now owns 563,646 shares of the company’s stock worth $74,125,000 after acquiring an additional 200,079 shares during the period. Institutional investors own 55.57% of the company’s stock.

Inter Parfums Stock Performance

Shares of IPAR stock opened at $132.76 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. Inter Parfums has a fifty-two week low of $108.39 and a fifty-two week high of $154.54. The stock’s 50-day moving average is $135.36 and its two-hundred day moving average is $129.28. The firm has a market cap of $4.25 billion, a P/E ratio of 28.49 and a beta of 1.20.

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.