Citigroup set a $52.00 price target on Inter Parfums (NASDAQ:IPAR) in a research note released on Wednesday. The firm currently has a buy rating on the stock.
A number of other brokerages have also recently issued reports on IPAR. Sidoti cut shares of Inter Parfums from a buy rating to a neutral rating in a research note on Thursday, November 2nd. DA Davidson cut shares of Inter Parfums from a buy rating to a neutral rating and set a $49.00 price target on the stock. in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Inter Parfums from a hold rating to a buy rating and set a $52.00 price target on the stock in a research note on Thursday, October 26th. BidaskClub cut shares of Inter Parfums from a buy rating to a hold rating in a research note on Friday, December 29th. Finally, KeyCorp set a $44.00 price target on shares of Inter Parfums and gave the stock a buy rating in a research note on Monday, October 16th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $45.17.
Shares of Inter Parfums (NASDAQ:IPAR) traded up $0.45 during trading on Wednesday, reaching $43.60. 76,255 shares of the company were exchanged, compared to its average volume of 71,631. The company has a market cap of $1,359.75, a PE ratio of 32.06, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77. Inter Parfums has a 52 week low of $31.45 and a 52 week high of $46.80. The company has a current ratio of 3.39, a quick ratio of 2.54 and a debt-to-equity ratio of 0.07.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.05. The company had revenue of $169.50 million for the quarter, compared to analysts’ expectations of $160.52 million. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. Inter Parfums’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. research analysts anticipate that Inter Parfums will post 1.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a $0.21 dividend. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.93%. Inter Parfums’s payout ratio is 63.16%.
In other Inter Parfums news, insider Philippe Benacin sold 19,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $43.97, for a total value of $835,430.00. Following the completion of the transaction, the insider now owns 74,876 shares of the company’s stock, valued at approximately $3,292,297.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Torres Robert Bensoussan sold 6,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $42.09, for a total value of $252,540.00. The disclosure for this sale can be found here. In the last three months, insiders sold 38,000 shares of company stock valued at $1,664,206. 45.40% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of IPAR. Atlanta Capital Management Co. L L C raised its position in Inter Parfums by 14.0% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock worth $42,825,000 after buying an additional 143,072 shares during the last quarter. Systematic Financial Management LP increased its position in shares of Inter Parfums by 227.9% during the 2nd quarter. Systematic Financial Management LP now owns 178,344 shares of the company’s stock valued at $6,536,000 after purchasing an additional 123,954 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Inter Parfums by 37.1% during the 2nd quarter. Renaissance Technologies LLC now owns 343,713 shares of the company’s stock valued at $12,597,000 after purchasing an additional 93,100 shares during the last quarter. Fort Pitt Capital Group LLC increased its position in shares of Inter Parfums by 31.6% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 386,988 shares of the company’s stock valued at $14,183,000 after purchasing an additional 92,965 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its position in shares of Inter Parfums by 781.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 84,430 shares of the company’s stock valued at $3,094,000 after purchasing an additional 74,850 shares during the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: This report was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/07/citigroup-analysts-give-inter-parfums-ipar-a-52-00-price-target.html.
About Inter Parfums
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
Receive News & Ratings for Inter Parfums Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums and related companies with MarketBeat.com's FREE daily email newsletter.