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

BWS Financial restated their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a research report released on Wednesday morning, Benzinga reports. The firm currently has a $172.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. 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 on the stock in a report on Friday, July 12th. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Piper Sandler reiterated an “overweight” rating and set a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.50.

Inter Parfums Price Performance

Shares of IPAR opened at $121.25 on Wednesday. The stock has a market cap of $3.88 billion, a PE ratio of 27.94 and a beta of 1.15. 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 fifty-two week low of $108.39 and a fifty-two week high of $156.75. The firm’s 50-day simple moving average is $122.63 and its two-hundred day simple moving average is $122.67.

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

Insider Activity at Inter Parfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 43.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IPAR. Whittier Trust Co. bought a new position in Inter Parfums in the first quarter worth approximately $31,000. CWM LLC raised its position in Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after acquiring an additional 88 shares during the period. Hexagon Capital Partners LLC raised its position in Inter Parfums by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 121 shares during the period. Blue Trust Inc. raised its position in Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after acquiring an additional 296 shares during the period. Finally, Mendota Financial Group LLC bought a new position in Inter Parfums in the second quarter worth approximately $89,000. 55.57% of the stock is currently 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.