Analysts Set Inter Parfums, Inc. (NASDAQ:IPAR) Price Target at $159.40

Shares of Inter Parfums, Inc. (NASDAQ:IPAR) have been assigned an average recommendation of “Buy” from the five research firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $159.40.

A number of research analysts have recently commented on IPAR shares. BWS Financial reiterated a “buy” rating and issued 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. Canaccord Genuity Group began coverage on Inter Parfums in a research note on Thursday, January 16th. They issued a “buy” rating and a $158.00 price target for the company. Finally, DA Davidson reaffirmed a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a research report on Thursday, January 23rd.

Inter Parfums Trading Down 1.9 %

Shares of NASDAQ:IPAR opened at $135.99 on Monday. The business’s 50 day simple moving average is $135.38 and its 200 day simple moving average is $129.39. The company has a market capitalization of $4.36 billion, a P/E ratio of 29.18 and a beta of 1.20. Inter Parfums has a 1 year low of $108.39 and a 1 year high of $154.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60.

Insiders Place Their Bets

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 43.90% of the company’s stock.

Institutional Trading of Inter Parfums

Several large investors have recently made changes to their positions in IPAR. Victory Capital Management Inc. grew its stake in shares of Inter Parfums by 5,393.6% in the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock valued at $47,075,000 after buying an additional 356,949 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Inter Parfums in the 4th quarter valued at about $39,070,000. Norges Bank acquired a new stake in shares of Inter Parfums in the 4th quarter valued at about $32,095,000. Wellington Management Group LLP boosted its stake in Inter Parfums by 44.2% during the 3rd quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock valued at $41,934,000 after purchasing an additional 99,316 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Inter Parfums by 23.3% during the 4th quarter. American Century Companies Inc. now owns 453,993 shares of the company’s stock valued at $59,705,000 after purchasing an additional 85,871 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

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.