Inter Parfums (IPAR) PT Set at $64.00 by Citigroup

Inter Parfums (NASDAQ:IPAR) has been assigned a $64.00 target price by equities researchers 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 target indicates a potential upside of 4.80% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. BidaskClub raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Saturday, October 27th. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective for the company in a research report on Saturday, October 27th. DA Davidson reaffirmed a “buy” rating and set a $75.00 price objective on shares of Inter Parfums in a research report on Monday, September 17th. Finally, BWS Financial boosted their price objective on shares of Inter Parfums to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Inter Parfums has an average rating of “Buy” and a consensus target price of $68.40.

Shares of IPAR traded up $0.57 during midday trading on Wednesday, hitting $61.07. The company had a trading volume of 355 shares, compared to its average volume of 84,386. The company has a market capitalization of $1.93 billion, a P/E ratio of 45.93, a PEG ratio of 3.12 and a beta of 1.30. Inter Parfums has a 52 week low of $41.30 and a 52 week high of $67.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.18 and a current ratio of 3.36.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Monday, November 5th. The company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $177.21 million during the quarter, compared to the consensus estimate of $181.14 million. Inter Parfums had a net margin of 7.74% and a return on equity of 8.60%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. As a group, sell-side analysts expect that Inter Parfums will post 1.61 earnings per share for the current fiscal year.

In related news, CFO Russell Greenberg sold 1,059 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $66.50, for a total transaction of $70,423.50. Following the completion of the sale, the chief financial officer now owns 44 shares of the company’s stock, valued at approximately $2,926. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Pelayo Frederic Garcia sold 3,600 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $65.20, for a total transaction of $234,720.00. Following the sale, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately $65,200. The disclosure for this sale can be found here. 45.00% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Granite Investment Partners LLC boosted its stake in Inter Parfums by 4.0% during the 3rd quarter. Granite Investment Partners LLC now owns 287,724 shares of the company’s stock valued at $18,544,000 after purchasing an additional 11,067 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Inter Parfums during the 3rd quarter valued at about $265,000. Campbell & CO Investment Adviser LLC boosted its stake in Inter Parfums by 96.2% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 11,831 shares of the company’s stock valued at $763,000 after purchasing an additional 5,800 shares during the period. Virginia Retirement Systems ET AL acquired a new position in Inter Parfums during the 3rd quarter valued at about $993,000. Finally, WINTON GROUP Ltd boosted its stake in Inter Parfums by 32.3% during the 3rd quarter. WINTON GROUP Ltd now owns 13,698 shares of the company’s stock valued at $883,000 after purchasing an additional 3,347 shares during the period. 56.37% of the stock is 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. 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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