BWS Financial Reaffirms “Buy” Rating for Inter Parfums (NASDAQ:IPAR)

Inter Parfums (NASDAQ:IPAR)‘s stock had its “buy” rating restated by investment analysts at BWS Financial in a research note issued to investors on Monday,Benzinga reports. They presently have a $172.00 target price on the stock. BWS Financial’s price objective points to a potential upside of 32.20% from the stock’s current price.

Several other analysts have also commented on IPAR. Canaccord Genuity Group increased their price objective on Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, February 27th. DA Davidson upped their target price on Inter Parfums from $163.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Piper Sandler upped their target price on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.80.

Inter Parfums Trading Up 2.3 %

NASDAQ IPAR traded up $2.89 during trading hours on Monday, hitting $130.11. 19,554 shares of the company were exchanged, compared to its average volume of 143,700. The stock has a 50-day moving average price of $135.80 and a 200 day moving average price of $130.10. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. Inter Parfums has a 52 week low of $108.39 and a 52 week high of $148.15. The stock has a market cap of $4.18 billion, a PE ratio of 27.92 and a beta of 1.18.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.05). The company had revenue of $361.50 million for the quarter, compared to the consensus estimate of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. Analysts forecast that Inter Parfums will post 5.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inter Parfums

Institutional investors have recently modified their holdings of the company. Westwood Holdings Group Inc. purchased a new stake in Inter Parfums in the fourth quarter valued at $46,649,000. Raymond James Financial Inc. acquired a new position in Inter Parfums in the fourth quarter valued at $39,070,000. Norges Bank acquired a new position in Inter Parfums in the fourth quarter valued at $32,095,000. Victory Capital Management Inc. increased its stake in shares of Inter Parfums by 55.0% during the fourth quarter. Victory Capital Management Inc. now owns 563,646 shares of the company’s stock worth $74,125,000 after acquiring an additional 200,079 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Inter Parfums by 10.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company’s stock worth $147,913,000 after acquiring an additional 108,321 shares during the period. 55.57% of the stock is owned by hedge funds and other institutional investors.

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.