Citigroup set a $52.00 price target on Inter Parfums (NASDAQ:IPAR) in a research note released on Wednesday. The firm currently has a buy rating on the stock.

IPAR has been the subject of several 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, September 6th. DA Davidson lowered their price target on shares of Inter Parfums from $49.00 to $46.00 and set a neutral rating for the company in a research report on Wednesday, November 15th. Sidoti cut shares of Inter Parfums from a buy rating to a neutral rating in a research report on Thursday, November 2nd. BidaskClub cut shares of Inter Parfums from a buy rating to a hold rating in a research report on Friday, December 29th. Finally, KeyCorp set a $44.00 price target on shares of Inter Parfums and gave the stock a buy rating in a research report on Monday, October 16th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $45.17.

Shares of Inter Parfums (IPAR) opened at $43.60 on Wednesday. Inter Parfums has a 1 year low of $31.45 and a 1 year high of $46.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39. The company has a market cap of $1,345.71, a P/E ratio of 31.73, a PEG ratio of 2.51 and a beta of 1.77.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The company had revenue of $169.50 million during the quarter, compared to analysts’ expectations of $160.52 million. During the same quarter in the previous year, the company earned $0.52 EPS. Inter Parfums’s revenue was up 7.6% on a year-over-year basis. research analysts expect that Inter Parfums will post 1.29 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.93%. This is a boost from Inter Parfums’s previous quarterly dividend of $0.17. Inter Parfums’s payout ratio is currently 63.16%.

In related news, CEO Jean Madar sold 8,200 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $44.00, for a total transaction of $360,800.00. Following the completion of the transaction, the chief executive officer now owns 74,407 shares in the company, valued at $3,273,908. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Russell Greenberg sold 3,000 shares of Inter Parfums stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $45.00, for a total transaction of $135,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,000 shares of company stock valued at $1,664,206. Corporate insiders own 45.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in IPAR. Acrospire Investment Management LLC lifted its stake in Inter Parfums by 68.9% in the second quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock valued at $116,000 after buying an additional 1,296 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Inter Parfums by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock valued at $150,000 after buying an additional 614 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Inter Parfums in the third quarter valued at approximately $218,000. AHL Partners LLP bought a new position in Inter Parfums in the second quarter valued at approximately $242,000. Finally, BNP Paribas Arbitrage SA lifted its stake in Inter Parfums by 70.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,733 shares of the company’s stock valued at $247,000 after buying an additional 2,779 shares in the last quarter. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Citigroup Reiterates “$52.00” Price Target for Inter Parfums (IPAR)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/01/06/citigroup-reiterates-52-00-price-target-for-inter-parfums-ipar.html.

About Inter Parfums

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)

Receive News & Ratings for Inter Parfums Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums and related companies with MarketBeat.com's FREE daily email newsletter.