Inter Parfums’ (IPAR) Buy Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a research report report published on Tuesday,Benzinga reports. They currently have a $163.00 target price on the stock.

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

Inter Parfums Price Performance

NASDAQ:IPAR opened at $136.86 on Tuesday. The business’s 50-day moving average price is $127.00 and its 200 day moving average price is $123.93. The firm has a market cap of $4.38 billion, a P/E ratio of 29.37 and a beta of 1.20. Inter Parfums has a 52-week low of $108.39 and a 52-week high of $156.75. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. Inter Parfums’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 earnings per share. As a group, sell-side analysts predict that Inter Parfums will post 5.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 43.90% of the company’s stock.

Institutional Investors Weigh In On Inter Parfums

Institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Inter Parfums by 306.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,478 shares of the company’s stock valued at $636,000 after buying an additional 4,131 shares during the last quarter. WCM Investment Management LLC lifted its holdings in shares of Inter Parfums by 2.9% during the 3rd quarter. WCM Investment Management LLC now owns 193,660 shares of the company’s stock valued at $24,835,000 after buying an additional 5,482 shares during the last quarter. Algert Global LLC lifted its holdings in Inter Parfums by 18.6% in the 2nd quarter. Algert Global LLC now owns 70,564 shares of the company’s stock worth $8,188,000 after purchasing an additional 11,089 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Inter Parfums by 11.8% in the 2nd quarter. Fifth Third Bancorp now owns 3,733 shares of the company’s stock worth $433,000 after purchasing an additional 393 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in Inter Parfums by 19.9% in the 2nd quarter. Raymond James & Associates now owns 126,189 shares of the company’s stock worth $14,642,000 after purchasing an additional 20,985 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.