Inter Parfums, Inc. (NASDAQ:IPAR) Receives Average Recommendation of “Hold” from Analysts

Inter Parfums, Inc. (NASDAQ:IPAR) has received an average rating of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $72.80.

A number of research firms have recently commented on IPAR. DA Davidson began coverage on Postal Realty Trust in a research report on Monday, June 10th. They issued a “buy” rating for the company. Zacks Investment Research lowered Haynes International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Finally, BidaskClub lowered Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th.

Shares of Inter Parfums stock traded up $1.09 on Tuesday, reaching $66.43. The company’s stock had a trading volume of 95,500 shares, compared to its average volume of 120,004. The firm has a market capitalization of $2.04 billion, a P/E ratio of 38.85, a P/E/G ratio of 2.80 and a beta of 0.95. Inter Parfums has a 52-week low of $54.22 and a 52-week high of $80.99. The business has a 50-day simple moving average of $65.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.10 and a quick ratio of 2.20.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.03. The business had revenue of $178.20 million during the quarter, compared to analysts’ expectations of $188.27 million. Inter Parfums had a return on equity of 9.69% and a net margin of 8.32%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. Research analysts expect that Inter Parfums will post 1.89 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Thursday, June 27th. Inter Parfums’s dividend payout ratio is presently 64.33%.

In other news, CEO Jean Madar sold 1,623 shares of Inter Parfums stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $67.01, for a total value of $108,757.23. Following the sale, the chief executive officer now directly owns 77,007 shares of the company’s stock, valued at $5,160,239.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 58,946 shares of company stock worth $3,959,128 over the last ninety days. Corporate insiders own 45.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IPAR. Norges Bank acquired a new position in Inter Parfums during the fourth quarter worth $9,528,000. Stifel Financial Corp boosted its stake in Inter Parfums by 40.0% during the fourth quarter. Stifel Financial Corp now owns 291,448 shares of the company’s stock worth $19,112,000 after buying an additional 83,257 shares during the last quarter. Marshall Wace LLP acquired a new position in Inter Parfums during the first quarter worth $5,917,000. Acadian Asset Management LLC boosted its stake in Inter Parfums by 39.0% during the first quarter. Acadian Asset Management LLC now owns 207,142 shares of the company’s stock worth $15,712,000 after buying an additional 58,132 shares during the last quarter. Finally, Granite Investment Partners LLC boosted its stake in Inter Parfums by 14.1% during the first quarter. Granite Investment Partners LLC now owns 304,011 shares of the company’s stock worth $23,065,000 after buying an additional 37,660 shares during the last quarter. 54.70% of the stock is currently owned by institutional investors.

About Inter Parfums

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.

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Analyst Recommendations for Inter Parfums (NASDAQ:IPAR)

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