Inter Parfums (NASDAQ:IPAR) PT Lowered to $172.00

Inter Parfums (NASDAQ:IPAR) had its price objective decreased by research analysts at Piper Sandler from $176.00 to $172.00 in a report released on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 43.86% from the company’s current price.

Separately, BWS Financial reissued a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Wednesday, April 17th.

Inter Parfums Trading Up 1.3 %

Inter Parfums stock opened at $119.56 on Thursday. The stock has a market cap of $3.83 billion, a P/E ratio of 25.17 and a beta of 1.13. Inter Parfums has a fifty-two week low of $116.75 and a fifty-two week high of $158.13. The firm’s fifty day moving average price is $137.26 and its 200-day moving average price is $135.40. 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 released its earnings results on Tuesday, February 27th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The firm had revenue of $328.74 million during the quarter, compared to the consensus estimate of $329.00 million. Inter Parfums had a net margin of 11.59% and a return on equity of 17.62%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. Equities research analysts forecast that Inter Parfums will post 5.16 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gilbert Harrison sold 250 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $150.42, for a total transaction of $37,605.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $150,420. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 43.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Inter Parfums during the fourth quarter worth about $27,000. Principal Securities Inc. bought a new stake in shares of Inter Parfums in the fourth quarter worth about $30,000. Signaturefd LLC grew its stake in shares of Inter Parfums by 87.4% in the fourth quarter. Signaturefd LLC now owns 223 shares of the company’s stock worth $32,000 after purchasing an additional 104 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Inter Parfums in the fourth quarter worth about $33,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of 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 purchasing an additional 121 shares during the last quarter. 55.57% of the stock is 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.