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

Inter Parfums (NASDAQ:IPAR)‘s stock had its “buy” rating reissued by research analysts at BWS Financial in a report issued on Monday,Benzinga reports. They presently have a $172.00 price target on the stock. BWS Financial’s price target indicates a potential upside of 21.71% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a report on Thursday, January 23rd. Piper Sandler upped their price target on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Canaccord Genuity Group initiated coverage on shares of Inter Parfums in a research note on Thursday, January 16th. They issued a “buy” rating and a $158.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Inter Parfums currently has an average rating of “Moderate Buy” and a consensus target price of $159.40.

Inter Parfums Trading Down 1.5 %

Inter Parfums stock opened at $141.32 on Monday. Inter Parfums has a 1 year low of $108.39 and a 1 year high of $156.75. The firm’s 50 day moving average price is $134.84 and its 200-day moving average price is $128.72. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The stock has a market cap of $4.53 billion, a P/E ratio of 30.33 and a beta of 1.20.

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

Insider Buying and Selling at Inter Parfums

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 transaction of $532,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 43.90% of the company’s stock.

Hedge Funds Weigh In On Inter Parfums

A number of large investors have recently bought and sold shares of the business. WCM Investment Management LLC lifted its position in shares of Inter Parfums by 2.9% during the third quarter. WCM Investment Management LLC now owns 193,660 shares of the company’s stock worth $24,835,000 after purchasing an additional 5,482 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Inter Parfums by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock valued at $56,481,000 after buying an additional 5,056 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Inter Parfums by 50.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 23,034 shares of the company’s stock valued at $2,982,000 after buying an additional 7,771 shares in the last quarter. US Bancorp DE boosted its position in Inter Parfums by 12.2% in the 3rd quarter. US Bancorp DE now owns 6,872 shares of the company’s stock valued at $890,000 after buying an additional 746 shares during the period. Finally, Annex Advisory Services LLC grew its stake in Inter Parfums by 32.4% in the 3rd quarter. Annex Advisory Services LLC now owns 86,736 shares of the company’s stock worth $11,231,000 after acquiring an additional 21,211 shares in the last quarter. Hedge funds and other institutional investors 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.