Inter Parfums (NASDAQ:IPAR) Given New $170.00 Price Target at DA Davidson

Inter Parfums (NASDAQ:IPAR) had its price target boosted by research analysts at DA Davidson from $163.00 to $170.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 18.92% from the stock’s current price. DA Davidson also issued estimates for Inter Parfums’ Q1 2025 earnings at $1.30 EPS and FY2026 earnings at $5.81 EPS.

Several other research analysts also recently issued reports on the company. BWS Financial reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Monday, January 27th. Canaccord Genuity Group started coverage on shares of Inter Parfums in a report on Thursday, January 16th. They set a “buy” rating and a $158.00 price target for the company. Finally, Piper Sandler upped their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $160.80.

Inter Parfums Stock Performance

Shares of IPAR traded down $1.58 during mid-day trading on Thursday, hitting $142.96. 140,310 shares of the company’s stock were exchanged, compared to its average volume of 126,612. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 30.68 and a beta of 1.20. The stock’s 50-day simple moving average is $135.47 and its 200-day simple moving average is $129.52. Inter Parfums has a 52 week low of $108.39 and a 52 week high of $152.33.

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

Hedge Funds Weigh In On Inter Parfums

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after purchasing an additional 81 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Inter Parfums by 1.7% in the fourth quarter. Cetera Investment Advisers now owns 5,796 shares of the company’s stock valued at $762,000 after acquiring an additional 96 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Inter Parfums by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,907 shares of the company’s stock valued at $251,000 after acquiring an additional 121 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Inter Parfums by 7.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company’s stock worth $239,000 after acquiring an additional 124 shares during the period. Finally, KBC Group NV grew its stake in Inter Parfums by 3.0% in the 3rd quarter. KBC Group NV now owns 4,313 shares of the company’s stock valued at $558,000 after purchasing an additional 126 shares during the period. 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.