Inter Parfums (NASDAQ:IPAR) received a $64.00 target price from stock analysts at Citigroup in a research report issued to clients and investors on Wednesday. The brokerage currently has a “hold” rating on the stock. Citigroup’s price objective suggests a potential upside of 4.32% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. DA Davidson raised their target price on shares of Inter Parfums to $72.00 and gave the company a “buy” rating in a research note on Friday, August 10th. BWS Financial raised their target price on shares of Inter Parfums to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. BidaskClub upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a research note on Tuesday, September 25th. Jefferies Financial Group set a $60.00 target price on shares of Inter Parfums and gave the company a “hold” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “strong-buy” rating and set a $68.00 target price for the company in a research note on Saturday, October 27th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Inter Parfums presently has a consensus rating of “Buy” and a consensus target price of $68.40.
NASDAQ:IPAR traded down $0.09 during mid-day trading on Wednesday, hitting $61.35. The stock had a trading volume of 269 shares, compared to its average volume of 84,998. Inter Parfums has a twelve month low of $41.30 and a twelve month high of $67.50. The company has a market capitalization of $1.89 billion, a P/E ratio of 46.13, a price-to-earnings-growth ratio of 3.05 and a beta of 1.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.18 and a current ratio of 3.17.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Monday, November 5th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Inter Parfums had a net margin of 7.54% and a return on equity of 8.37%. The business had revenue of $177.21 million during the quarter, compared to the consensus estimate of $181.14 million. During the same period last year, the business posted $0.55 EPS. Inter Parfums’s revenue was up 4.5% on a year-over-year basis. As a group, equities analysts forecast that Inter Parfums will post 1.61 earnings per share for the current year.
In other Inter Parfums news, CFO Philippe Santi sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $10,523.10, for a total transaction of $37,883,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell Greenberg sold 1,059 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $66.50, for a total transaction of $70,423.50. Following the sale, the chief financial officer now owns 44 shares of the company’s stock, valued at $2,926. The disclosure for this sale can be found here. Insiders have sold 8,259 shares of company stock valued at $38,188,304 over the last 90 days. Company insiders own 45.00% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Itau Unibanco Holding S.A. acquired a new stake in shares of Inter Parfums in the second quarter valued at approximately $150,000. SG Americas Securities LLC raised its position in shares of Inter Parfums by 58.6% in the second quarter. SG Americas Securities LLC now owns 4,002 shares of the company’s stock valued at $214,000 after buying an additional 1,478 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Inter Parfums in the second quarter valued at approximately $215,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Inter Parfums in the second quarter valued at approximately $241,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Inter Parfums in the second quarter valued at approximately $323,000. Hedge funds and other institutional investors own 56.37% 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. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.
Featured Story: Should you buy a closed-end mutual fund?
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.