Inter Parfums’ (IPAR) “Buy” Rating Reiterated at DA Davidson

Inter Parfums (NASDAQ:IPAR)‘s stock had its “buy” rating restated by analysts at DA Davidson in a research note issued on Thursday,Benzinga reports. They presently have a $163.00 target price on the stock. DA Davidson’s price objective suggests a potential upside of 12.82% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. BWS Financial reissued a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a report on Monday, November 11th. Piper Sandler raised their target price on Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Canaccord Genuity Group started coverage on Inter Parfums in a report on Thursday, January 16th. They set a “buy” rating and a $158.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $159.40.

Inter Parfums Stock Performance

Shares of Inter Parfums stock opened at $144.48 on Thursday. The company’s 50 day moving average price is $133.60 and its two-hundred day moving average price is $128.03. The firm has a market capitalization of $4.63 billion, a P/E ratio of 31.00 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. Inter Parfums has a fifty-two week low of $108.39 and a fifty-two week high of $156.75.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The business had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. Inter Parfums’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 EPS. On average, equities analysts forecast that Inter Parfums will post 5.15 earnings per share for the current fiscal year.

Insider Activity

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 43.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IPAR. GAMMA Investing LLC grew its holdings in Inter Parfums by 55.9% in 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 period. Blue Trust Inc. increased its position in Inter Parfums by 83.4% in the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after buying an additional 296 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new position in Inter Parfums during the 3rd quarter worth approximately $104,000. Crossmark Global Holdings Inc. bought a new position in Inter Parfums in the third quarter worth approximately $209,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in Inter Parfums in the third quarter valued at approximately $233,000. Institutional investors and hedge funds own 55.57% of the company’s stock.

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.