Inter Parfums’ (IPAR) “Buy” Rating Reiterated at BWS Financial

Inter Parfums (NASDAQ:IPAR)‘s stock had its “buy” rating reaffirmed by investment analysts at BWS Financial in a report released on Monday,Benzinga reports. They currently have a $172.00 target price on the stock. BWS Financial’s price objective would indicate a potential upside of 21.71% from the company’s current price.

IPAR has been the topic of several other research reports. DA Davidson reiterated a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research note on Thursday, January 23rd. Piper Sandler lifted their price objective 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. Finally, Canaccord Genuity Group assumed coverage on shares of Inter Parfums in a research note on Thursday, January 16th. They issued a “buy” rating and a $158.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.40.

Inter Parfums Stock Down 1.5 %

Shares of Inter Parfums stock opened at $141.32 on Monday. Inter Parfums has a 1 year low of $108.39 and a 1 year high of $156.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 30.33 and a beta of 1.20. The firm’s 50-day moving average is $134.84 and its two-hundred day moving average is $128.72.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The company had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. Inter Parfums’s revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company posted $1.66 earnings per share. As a group, research analysts expect that Inter Parfums will post 5.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 43.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. State Street Corp increased its holdings in Inter Parfums by 0.3% in the 3rd quarter. State Street Corp now owns 676,253 shares of the company’s stock worth $87,561,000 after buying an additional 2,255 shares during the period. Royce & Associates LP boosted its holdings in shares of Inter Parfums by 0.7% in the 3rd quarter. Royce & Associates LP now owns 595,175 shares of the company’s stock valued at $77,063,000 after acquiring an additional 4,345 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Inter Parfums by 1.2% in the third quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock worth $56,481,000 after acquiring an additional 5,056 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Inter Parfums by 5,393.6% during the third quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock worth $47,075,000 after purchasing an additional 356,949 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Inter Parfums by 44.2% during the third quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock valued at $41,934,000 after purchasing an additional 99,316 shares during the period. 55.57% of the stock is currently 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.