Inter Parfums, Inc. (IPAR) Given a $44.00 Price Target by KeyCorp Analysts

KeyCorp set a $44.00 target price on Inter Parfums, Inc. (NASDAQ:IPAR) in a research report report published on Monday morning. The brokerage currently has a buy rating on the stock.

IPAR has been the topic of a number of other research reports. Zacks Investment Research cut shares of Inter Parfums from a buy rating to a hold rating in a research report on Wednesday, August 30th. BidaskClub upgraded shares of Inter Parfums from a buy rating to a strong-buy rating in a research report on Saturday, August 26th. Finally, DA Davidson reiterated a buy rating and issued a $45.00 target price (up previously from $44.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $42.83.

Shares of Inter Parfums (NASDAQ:IPAR) opened at 41.80 on Monday. Inter Parfums has a 1-year low of $29.40 and a 1-year high of $42.75. The firm’s 50 day moving average is $40.89 and its 200-day moving average is $37.73. The company has a market cap of $1.30 billion, a PE ratio of 32.40 and a beta of 1.76.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Monday, August 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $129.10 million for the quarter, compared to analysts’ expectations of $122.57 million. Inter Parfums had a net margin of 7.14% and a return on equity of 8.12%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 EPS. Equities analysts expect that Inter Parfums will post $1.28 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Thursday, September 28th. Inter Parfums’s payout ratio is presently 52.31%.

In other Inter Parfums news, Director Torres Robert Bensoussan sold 6,000 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $42.09, for a total value of $252,540.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Patrick Choel sold 750 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $41.59, for a total transaction of $31,192.50. The disclosure for this sale can be found here. In the last three months, insiders sold 11,750 shares of company stock worth $480,483. Insiders own 45.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Fort Pitt Capital Group LLC grew its holdings in Inter Parfums by 31.6% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 386,988 shares of the company’s stock worth $14,183,000 after acquiring an additional 92,965 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Inter Parfums by 14.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 92,500 shares of the company’s stock worth $3,390,000 after acquiring an additional 11,880 shares during the last quarter. Atlanta Capital Management Co. L L C grew its holdings in Inter Parfums by 14.0% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock worth $42,825,000 after acquiring an additional 143,072 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Inter Parfums in the 2nd quarter worth $1,012,000. Finally, State Street Corp grew its holdings in Inter Parfums by 5.5% in the 2nd quarter. State Street Corp now owns 422,743 shares of the company’s stock worth $15,493,000 after acquiring an additional 21,856 shares during the last quarter. 55.61% of the stock is currently owned by institutional investors and hedge funds.

Inter Parfums Company Profile

Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.

Analyst Recommendations for Inter Parfums (NASDAQ:IPAR)

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