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

BWS Financial reissued their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a research report sent to investors on Monday,Benzinga reports. BWS Financial currently has a $172.00 price target on the stock.

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

Inter Parfums Price Performance

IPAR stock opened at $143.46 on Monday. 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 business’s 50-day moving average is $134.52 and its two-hundred day moving average is $128.63. The firm has a market capitalization of $4.60 billion, a P/E ratio of 30.79 and a beta of 1.20. Inter Parfums has a 1 year low of $108.39 and a 1 year high of $156.75.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, topping 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 business 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 earned $1.66 EPS. The company’s revenue was up 15.5% compared to the same quarter last year. Analysts anticipate that Inter Parfums will post 5.15 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of Inter Parfums stock in a transaction dated Friday, November 22nd. The stock was 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 this hyperlink. Insiders own 43.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 81 shares during the last quarter. Blue Trust Inc. grew its position in Inter Parfums by 83.4% in the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after purchasing an additional 296 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in Inter Parfums in the 3rd quarter worth approximately $104,000. Crossmark Global Holdings Inc. acquired a new position in shares of Inter Parfums during the third quarter valued at $209,000. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of Inter Parfums during the 3rd quarter worth about $233,000. 55.57% of the stock is owned by institutional investors and hedge funds.

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.