Inter Parfums (NASDAQ:IPAR) Given “Buy” Rating at DA Davidson

DA Davidson restated their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a report published on Thursday morning,Benzinga reports. The brokerage currently has a $163.00 price target on the stock.

Several other analysts have also recently issued reports on IPAR. Piper Sandler boosted their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Canaccord Genuity Group began coverage on Inter Parfums in a report on Thursday, January 16th. They issued a “buy” rating and a $158.00 target price on the stock. Finally, BWS Financial restated a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $159.40.

Inter Parfums Stock Performance

Inter Parfums stock opened at $141.81 on Thursday. The stock has a fifty day moving average price of $133.60 and a 200 day moving average price of $128.03. Inter Parfums has a 52 week low of $108.39 and a 52 week high of $156.75. The firm has a market capitalization of $4.54 billion, a P/E ratio of 30.43 and a beta of 1.20. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 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 company had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. During the same quarter in the prior year, the company posted $1.66 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities research analysts anticipate that Inter Parfums will post 5.15 earnings per share for the current year.

Insider Activity at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 43.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IPAR. GAMMA Investing LLC boosted its position in Inter Parfums by 55.9% in the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after buying an additional 81 shares during the last quarter. Blue Trust Inc. boosted its holdings in Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after purchasing an additional 296 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in Inter Parfums during the 3rd quarter valued at approximately $104,000. Crossmark Global Holdings Inc. purchased a new stake in Inter Parfums during the 3rd quarter worth approximately $209,000. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of Inter Parfums in the 3rd quarter valued at approximately $233,000. 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.