DA Davidson Reiterates Buy Rating for Inter Parfums (NASDAQ:IPAR)

DA Davidson reiterated their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a research note issued to investors on Tuesday morning, Benzinga reports. DA Davidson currently has a $163.00 price target on the stock. DA Davidson also issued estimates for Inter Parfums’ Q3 2024 earnings at $1.87 EPS.

Other equities research analysts have also recently issued reports about the company. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. BWS Financial reaffirmed a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research note on Thursday, August 8th. Piper Sandler reaffirmed an “overweight” rating and set a $151.00 price objective (up from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group raised Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Friday, July 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.50.

Inter Parfums Stock Up 0.0 %

NASDAQ IPAR opened at $121.31 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58. Inter Parfums has a 52 week low of $108.39 and a 52 week high of $156.75. The stock has a fifty day moving average of $122.49 and a 200-day moving average of $122.66. The stock has a market capitalization of $3.88 billion, a P/E ratio of 27.95 and a beta of 1.15.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The business had revenue of $342.00 million during the quarter, compared to analysts’ expectations of $342.00 million. During the same period in the previous year, the firm earned $1.09 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts forecast that Inter Parfums will post 5.15 EPS for the current year.

Insider Activity at Inter Parfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $125.96, for a total value of $188,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 43.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Inter Parfums

Institutional investors and hedge funds have recently modified their holdings of the business. Moody Aldrich Partners LLC boosted its position in Inter Parfums by 34.4% during the 3rd quarter. Moody Aldrich Partners LLC now owns 38,157 shares of the company’s stock worth $4,941,000 after acquiring an additional 9,774 shares during the last quarter. Berry Wealth Group LP boosted its position in Inter Parfums by 18.8% during the 3rd quarter. Berry Wealth Group LP now owns 2,197 shares of the company’s stock worth $284,000 after acquiring an additional 347 shares during the last quarter. Blue Trust Inc. boosted its position in Inter Parfums by 83.4% during the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after acquiring an additional 296 shares during the last quarter. Creative Planning boosted its position in Inter Parfums by 36.3% during the 3rd quarter. Creative Planning now owns 3,104 shares of the company’s stock worth $402,000 after acquiring an additional 826 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its position in Inter Parfums by 32.4% during the 3rd quarter. Annex Advisory Services LLC now owns 86,736 shares of the company’s stock worth $11,231,000 after acquiring an additional 21,211 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

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.