Inter Parfums, Inc. (NASDAQ:IPAR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Inter Parfums, Inc. (NASDAQ:IPARGet Rating) have received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $109.00.

A number of equities research analysts recently commented on the company. Piper Sandler increased their price target on Inter Parfums to $108.00 in a research report on Wednesday, November 16th. TheStreet upgraded Inter Parfums from a “c+” rating to a “b-” rating in a research report on Monday, August 15th. StockNews.com began coverage on Inter Parfums in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, DA Davidson increased their price objective on Inter Parfums from $98.00 to $104.00 and gave the company a “buy” rating in a research report on Tuesday.

Inter Parfums Stock Up 3.9 %

NASDAQ IPAR opened at $91.92 on Wednesday. The firm has a market cap of $2.93 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96. Inter Parfums has a one year low of $64.52 and a one year high of $108.35. The stock’s 50 day simple moving average is $79.80 and its 200 day simple moving average is $77.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.85 and a quick ratio of 1.71.

Inter Parfums Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.18%. Inter Parfums’s payout ratio is 62.11%.

Insider Activity

In other news, CFO Russell Greenberg sold 2,489 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $78.51, for a total value of $195,411.39. Following the transaction, the chief financial officer now owns 7,500 shares of the company’s stock, valued at approximately $588,825. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 44.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IPAR. BlackRock Inc. raised its stake in Inter Parfums by 1.6% during the 3rd quarter. BlackRock Inc. now owns 2,728,187 shares of the company’s stock worth $205,870,000 after buying an additional 42,380 shares during the period. Vanguard Group Inc. raised its stake in Inter Parfums by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,073,741 shares of the company’s stock worth $156,484,000 after buying an additional 43,380 shares during the period. Royce & Associates LP raised its stake in Inter Parfums by 22.3% during the 2nd quarter. Royce & Associates LP now owns 894,782 shares of the company’s stock worth $65,373,000 after buying an additional 163,448 shares during the period. Dimensional Fund Advisors LP raised its stake in Inter Parfums by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 885,693 shares of the company’s stock worth $66,833,000 after buying an additional 4,361 shares during the period. Finally, Copeland Capital Management LLC raised its stake in Inter Parfums by 1.4% during the 3rd quarter. Copeland Capital Management LLC now owns 644,246 shares of the company’s stock worth $48,615,000 after buying an additional 8,676 shares during the period. Institutional investors and hedge funds own 55.58% of the company’s stock.

Inter Parfums Company Profile

(Get Rating)

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. 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, Kate Spade, Lily Aldridge, Lanvin, Moncler, Montblanc, Rochas, S.T.

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