Inter Parfums (NASDAQ:IPAR) Earns “Buy” Rating from DA Davidson

Inter Parfums (NASDAQ:IPAR)‘s stock had its “buy” rating restated by analysts at DA Davidson in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $163.00 target price on the stock. DA Davidson’s price objective would suggest a potential upside of 16.85% from the stock’s current price.

A number of other equities analysts also recently commented on IPAR. BWS Financial reissued a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Monday, November 11th. StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Piper Sandler reduced their price objective on shares of Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Inter Parfums presently has an average rating of “Moderate Buy” and a consensus target price of $159.75.

Inter Parfums Stock Performance

Inter Parfums stock opened at $139.49 on Tuesday. The company has a 50 day moving average price of $126.81 and a 200-day moving average price of $123.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. Inter Parfums has a fifty-two week low of $108.39 and a fifty-two week high of $156.75. The company has a market capitalization of $4.47 billion, a PE ratio of 29.93 and a beta of 1.20.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. During the same quarter in the previous year, the firm posted $1.66 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. As a group, equities analysts forecast that Inter Parfums will post 5.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 43.90% of the company’s stock.

Institutional Investors Weigh In On Inter Parfums

A number of large investors have recently made changes to their positions in IPAR. CWM LLC grew its holdings in shares of Inter Parfums by 44.4% during the second quarter. CWM LLC now owns 286 shares of the company’s stock valued at $33,000 after buying an additional 88 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Inter Parfums by 83.4% during the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after buying an additional 296 shares during the last quarter. Mendota Financial Group LLC purchased a new stake in shares of Inter Parfums during the second quarter valued at $89,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of Inter Parfums during the third quarter valued at $104,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Inter Parfums during the third quarter valued at $209,000. 55.57% of the stock is owned by hedge funds and other institutional investors.

About Inter Parfums

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.