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

Inter Parfums (NASDAQ:IPAR)‘s stock had its “buy” rating reiterated by equities research analysts at BWS Financial in a report released on Wednesday, Benzinga reports. They presently have a $172.00 price target on the stock. BWS Financial’s price target would suggest a potential upside of 43.64% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. DA Davidson reiterated a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a report on Tuesday. Jefferies Financial Group upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Friday, July 12th. Finally, Piper Sandler reiterated an “overweight” rating and set a $151.00 price target (up from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.50.

Inter Parfums Price Performance

Shares of NASDAQ IPAR traded down $0.49 during midday trading on Wednesday, reaching $119.74. 56,984 shares of the company traded hands, compared to its average volume of 143,457. The stock’s 50-day simple moving average is $122.67 and its 200-day simple moving average is $122.68. 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 12 month low of $108.39 and a 12 month high of $156.75. The firm has a market cap of $3.83 billion, a PE ratio of 27.67 and a beta of 1.15.

Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.09. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The company had revenue of $342.00 million during the quarter, compared to analyst estimates of $342.00 million. During the same period in the previous year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities analysts anticipate that Inter Parfums will post 5.15 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Inter Parfums

Several large investors have recently modified their holdings of IPAR. Vanguard Group Inc. boosted its position in shares of Inter Parfums by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company’s stock worth $288,718,000 after purchasing an additional 30,316 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Inter Parfums by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company’s stock valued at $85,384,000 after acquiring an additional 4,862 shares during the period. American Century Companies Inc. boosted its holdings in Inter Parfums by 50.1% in the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock worth $36,846,000 after buying an additional 106,044 shares during the period. Bahl & Gaynor Inc. boosted its holdings in shares of Inter Parfums by 0.4% during the 2nd quarter. Bahl & Gaynor Inc. now owns 253,443 shares of the company’s stock valued at $29,407,000 after purchasing an additional 1,023 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Inter Parfums by 0.6% during the 2nd quarter. William Blair Investment Management LLC now owns 234,527 shares of the company’s stock valued at $27,212,000 after purchasing an additional 1,390 shares during the last quarter. 55.57% of the stock is owned by 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.