DA Davidson Increases Inter Parfums (NASDAQ:IPAR) Price Target to $170.00

Inter Parfums (NASDAQ:IPAR) had its target price increased by research analysts at DA Davidson from $163.00 to $170.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price suggests a potential upside of 22.37% from the stock’s previous close. DA Davidson also issued estimates for Inter Parfums’ Q1 2025 earnings at $1.30 EPS, Q1 2025 earnings at $1.14 EPS, FY2026 earnings at $5.81 EPS and FY2026 earnings at $5.85 EPS.

IPAR has been the subject of a number of other research reports. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Monday, January 27th. Piper Sandler increased their price target on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Canaccord Genuity Group began coverage on Inter Parfums in a report on Thursday, January 16th. They issued a “buy” rating and a $158.00 price target for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.80.

Inter Parfums Price Performance

IPAR stock opened at $138.92 on Thursday. 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 1 year low of $108.39 and a 1 year high of $152.33. The firm has a market cap of $4.45 billion, a P/E ratio of 29.81 and a beta of 1.20. The stock has a 50-day simple moving average of $135.66 and a 200-day simple moving average of $129.59.

Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The company had revenue of $361.50 million during the quarter, compared to analyst estimates of $361.56 million. On average, equities analysts predict that Inter Parfums will post 5.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after buying an additional 81 shares during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in Inter Parfums by 210.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock worth $67,000 after buying an additional 347 shares during the last quarter. SRH Advisors LLC lifted its holdings in Inter Parfums by 791.7% during the 4th quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after buying an additional 475 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in Inter Parfums during the 3rd quarter worth approximately $104,000. Finally, Canada Pension Plan Investment Board lifted its holdings in Inter Parfums by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock worth $105,000 after buying an additional 400 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

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.