Inter Parfums’ (IPAR) Buy Rating Reaffirmed at BWS Financial

BWS Financial reiterated their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a research report report published on Monday morning,Benzinga reports. They currently have a $172.00 price objective on the stock.

IPAR has been the topic of a number of other reports. DA Davidson reissued a “buy” rating and issued a $163.00 price objective on shares of Inter Parfums in a research note on Thursday, January 23rd. Canaccord Genuity Group started coverage on Inter Parfums in a research report on Thursday, January 16th. They issued a “buy” rating and a $158.00 price objective for the company. Finally, Piper Sandler raised their target price on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $159.40.

Inter Parfums Trading Down 0.9 %

NASDAQ IPAR opened at $140.03 on Monday. The stock has a market capitalization of $4.49 billion, a P/E ratio of 30.05 and a beta of 1.20. The firm has a 50-day moving average price of $135.10 and a 200 day moving average price of $128.80. Inter Parfums has a 52-week low of $108.39 and a 52-week high of $156.75. 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 (NASDAQ:IPAR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The business had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. During the same quarter last year, the firm posted $1.66 EPS. The business’s revenue was up 15.5% compared to the same quarter last year. Equities research analysts expect that Inter Parfums will post 5.15 EPS for the current year.

Insider Activity

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were 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 the SEC website. Insiders own 43.90% of the company’s stock.

Hedge Funds Weigh In On Inter Parfums

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IPAR. WCM Investment Management LLC increased its holdings in Inter Parfums by 2.9% during the 3rd quarter. WCM Investment Management LLC now owns 193,660 shares of the company’s stock worth $24,835,000 after purchasing an additional 5,482 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Inter Parfums by 1.2% during the third quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock valued at $56,481,000 after acquiring an additional 5,056 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in Inter Parfums by 50.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 23,034 shares of the company’s stock valued at $2,982,000 after purchasing an additional 7,771 shares during the last quarter. US Bancorp DE raised its holdings in shares of Inter Parfums by 12.2% during the third quarter. US Bancorp DE now owns 6,872 shares of the company’s stock valued at $890,000 after buying an additional 746 shares during the last quarter. Finally, Annex Advisory Services LLC raised its stake in Inter Parfums by 32.4% during the 3rd quarter. Annex Advisory Services LLC now owns 86,736 shares of the company’s stock valued at $11,231,000 after acquiring an additional 21,211 shares in the last quarter. 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.