Inter Parfums (NASDAQ:IPAR) Rating Reiterated by BWS Financial

Inter Parfums (NASDAQ:IPAR)‘s stock had its “buy” rating reaffirmed by equities researchers at BWS Financial in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $172.00 price target on the stock. BWS Financial’s price objective suggests a potential upside of 38.80% from the stock’s previous close.

Separately, Piper Sandler lifted their price objective on shares of Inter Parfums from $175.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th.

Inter Parfums Trading Up 0.2 %

Shares of IPAR opened at $123.92 on Wednesday. The company’s fifty day moving average is $139.54 and its 200 day moving average is $135.57. Inter Parfums has a fifty-two week low of $120.71 and a fifty-two week high of $161.17. The stock has a market capitalization of $3.97 billion, a PE ratio of 26.09 and a beta of 1.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.44 and a current ratio of 2.58.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). Inter Parfums had a return on equity of 17.62% and a net margin of 11.59%. The business had revenue of $328.74 million during the quarter, compared to the consensus estimate of $329.00 million. During the same quarter in the prior year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Sell-side analysts expect that Inter Parfums will post 5.16 earnings per share for the current fiscal year.

Insider Transactions at Inter Parfums

In other news, Director Gilbert Harrison sold 250 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $150.42, for a total value of $37,605.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at $150,420. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 43.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Republic Investment Management Inc. grew its holdings in Inter Parfums by 3.5% during the 1st quarter. First Republic Investment Management Inc. now owns 2,329 shares of the company’s stock worth $331,000 after acquiring an additional 78 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of Inter Parfums by 1.3% during the fourth quarter. Cresset Asset Management LLC now owns 5,971 shares of the company’s stock valued at $860,000 after buying an additional 79 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Inter Parfums by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 11,393 shares of the company’s stock valued at $1,641,000 after buying an additional 81 shares during the last quarter. Comerica Bank lifted its position in shares of Inter Parfums by 0.7% during the fourth quarter. Comerica Bank now owns 11,360 shares of the company’s stock valued at $1,636,000 after buying an additional 83 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Inter Parfums by 4.5% during the third quarter. FMR LLC now owns 2,000 shares of the company’s stock valued at $269,000 after buying an additional 87 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors.

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.