Inter Parfums (NASDAQ:IPAR) Lifted to “Hold” at StockNews.com

Inter Parfums (NASDAQ:IPAR) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

A number of other analysts have also issued reports on IPAR. BWS Financial restated a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Thursday, May 9th. Piper Sandler restated an “overweight” rating and issued a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. DA Davidson restated a “buy” rating and issued a $192.00 price target on shares of Inter Parfums in a research note on Monday, July 22nd. Finally, Jefferies Financial Group upgraded shares of 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.75.

Inter Parfums Stock Up 1.9 %

Shares of IPAR traded up $2.42 during mid-day trading on Wednesday, reaching $132.70. 217,858 shares of the stock traded hands, compared to its average volume of 146,999. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 30.58 and a beta of 1.18. The stock has a fifty day simple moving average of $122.02 and a 200 day simple moving average of $129.92. Inter Parfums has a 12-month low of $108.39 and a 12-month high of $156.75. The company has a quick ratio of 1.43, a current ratio of 2.75 and a debt-to-equity ratio of 0.13.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. The company had revenue of $342.00 million for the quarter, compared to analyst estimates of $342.00 million. Inter Parfums had a net margin of 10.50% and a return on equity of 15.85%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. Sell-side analysts expect that Inter Parfums will post 5.15 EPS for the current fiscal year.

Institutional Trading of Inter Parfums

Several institutional investors have recently added to or reduced their stakes in IPAR. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Inter Parfums during the fourth quarter valued at $206,000. Nisa Investment Advisors LLC boosted its holdings in shares of Inter Parfums by 33.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,590 shares of the company’s stock valued at $229,000 after acquiring an additional 400 shares during the period. Cerity Partners LLC acquired a new position in shares of Inter Parfums during the fourth quarter valued at $6,624,000. WCM Investment Management LLC boosted its holdings in shares of Inter Parfums by 9.3% during the fourth quarter. WCM Investment Management LLC now owns 200,336 shares of the company’s stock valued at $29,592,000 after acquiring an additional 17,079 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Inter Parfums during the fourth quarter valued at $1,296,000. Institutional investors own 55.57% of the company’s stock.

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.