BWS Financial Reiterates Buy Rating for Inter Parfums (NASDAQ:IPAR)

Inter Parfums (NASDAQ:IPAR)‘s stock had its “buy” rating reissued by investment analysts at BWS Financial in a report released on Monday,Benzinga reports. They presently have a $172.00 target price on the stock. BWS Financial’s price objective would indicate a potential upside of 36.51% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $151.00 target price (up previously from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. DA Davidson reaffirmed a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a research report on Tuesday, October 22nd. Finally, StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.50.

Inter Parfums Stock Down 2.2 %

Shares of NASDAQ:IPAR opened at $126.00 on Monday. The firm’s 50-day moving average is $122.33 and its two-hundred day moving average is $122.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.27. Inter Parfums has a 1 year low of $108.39 and a 1 year high of $156.75. The firm has a market capitalization of $4.04 billion, a PE ratio of 27.04 and a beta of 1.16.

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 company had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 EPS. Analysts predict that Inter Parfums will post 5.15 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of Inter Parfums

Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. grew its position in Inter Parfums by 5,393.6% during the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock worth $47,075,000 after purchasing an additional 356,949 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Inter Parfums by 50.1% during the second 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 last quarter. F M Investments LLC acquired a new position in Inter Parfums in the 2nd quarter valued at about $9,328,000. Burney Co. purchased a new stake in Inter Parfums during the 1st quarter valued at approximately $5,327,000. Finally, Vanguard Group Inc. lifted its position in Inter Parfums by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company’s stock worth $288,718,000 after acquiring an additional 30,316 shares during the period. Hedge funds and other 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.