Inter Parfums' (IPAR) "Buy" Rating Reiterated at DA Davidson

Inter Parfums (NASDAQ:IPAR - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at DA Davidson in a report 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 14.92% from the company's current price.

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

Inter Parfums Price Performance

NASDAQ IPAR traded down $2.64 during trading on Thursday, hitting $141.84. 63,890 shares of the stock traded hands, compared to its average volume of 111,739. The company has a market capitalization of $4.54 billion, a P/E ratio of 30.22 and a beta of 1.20. The firm has a 50-day simple moving average of $133.60 and a 200-day simple moving average of $128.03. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. Inter Parfums has a 12-month low of $108.39 and a 12-month high of $156.75.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly 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. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm had revenue of $425.00 million during the quarter, compared to analyst estimates of $425.00 million. During the same period last year, the company earned $1.66 EPS. Inter Parfums's quarterly revenue was up 15.5% compared to the same quarter last year. As a group, analysts predict that Inter Parfums will post 5.15 EPS for the current year.

Insider Transactions at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 43.90% of the company's stock.

Hedge Funds Weigh In On Inter Parfums

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company's stock valued at $30,000 after acquiring an additional 81 shares during the period. Blue Trust Inc. grew its stake in shares of Inter Parfums by 83.4% during 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 during the period. Northwest & Ethical Investments L.P. purchased a new stake in shares of Inter Parfums during the 3rd quarter valued at $104,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Inter Parfums during the 3rd quarter valued at $209,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in Inter Parfums during the 3rd quarter worth $233,000. 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.