Inter Parfums (NASDAQ:IPAR) Price Target Raised to $168.00

Inter Parfums (NASDAQ:IPAR) had its target price hoisted by equities research analysts at Canaccord Genuity Group from $158.00 to $168.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 19.92% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on IPAR. BWS Financial reissued a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research note on Monday, January 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, DA Davidson lifted their price objective on Inter Parfums from $163.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $162.80.

Inter Parfums Price Performance

NASDAQ:IPAR traded down $4.45 during mid-day trading on Thursday, reaching $140.09. 190,700 shares of the company were exchanged, compared to its average volume of 127,841. Inter Parfums has a 12 month low of $108.39 and a 12 month high of $152.33. The stock has a market cap of $4.49 billion, a PE ratio of 30.26 and a beta of 1.20. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average of $135.47 and a 200 day moving average of $129.52.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $361.50 million during the quarter, compared to the consensus estimate of $361.56 million. On average, research analysts anticipate that Inter Parfums will post 5.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. WCM Investment Management LLC raised its holdings in shares of Inter Parfums by 2.9% during the third quarter. WCM Investment Management LLC now owns 193,660 shares of the company’s stock worth $24,835,000 after acquiring an additional 5,482 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Inter Parfums by 1.2% in the third quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock valued at $56,481,000 after purchasing an additional 5,056 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Inter Parfums by 50.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 23,034 shares of the company’s stock worth $2,982,000 after buying an additional 7,771 shares during the period. US Bancorp DE grew its holdings in shares of Inter Parfums by 12.2% during the third quarter. US Bancorp DE now owns 6,872 shares of the company’s stock worth $890,000 after buying an additional 746 shares in the last quarter. Finally, Black Swift Group LLC acquired a new stake in Inter Parfums in the 3rd quarter valued at approximately $647,000. Institutional investors 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.