Inter Parfums (NASDAQ:IPAR) Earns "Buy" Rating from DA Davidson

DA Davidson restated their buy rating on shares of Inter Parfums (NASDAQ:IPAR - Free Report) in a research note published on Wednesday,Benzinga reports. They currently have a $163.00 price objective on the stock.

Several other brokerages also recently commented on IPAR. Piper Sandler increased their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. BWS Financial reiterated a "buy" rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $159.75.

Inter Parfums Stock Down 3.4 %

Shares of NASDAQ IPAR traded down $4.48 on Wednesday, reaching $128.93. 131,223 shares of the company's stock traded hands, compared to its average volume of 144,542. The business's 50 day simple moving average is $128.78 and its two-hundred day simple moving average is $124.97. Inter Parfums has a 12 month low of $108.39 and a 12 month high of $156.75. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 27.67 and a beta of 1.20. 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 (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, beating 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 company had revenue of $425.00 million during the quarter, compared to analyst estimates of $425.00 million. During the same quarter last year, the company earned $1.66 EPS. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, equities research analysts forecast that Inter Parfums will post 5.15 EPS for the current fiscal year.

Insider Activity at Inter Parfums

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 43.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Inter Parfums

A number of large investors have recently added to or reduced their stakes in IPAR. CWM LLC boosted its stake in shares of Inter Parfums by 44.4% in the 2nd quarter. CWM LLC now owns 286 shares of the company's stock worth $33,000 after buying an additional 88 shares during the last quarter. Blue Trust Inc. lifted its holdings in Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company's stock valued at $84,000 after acquiring an additional 296 shares during the period. Northwest & Ethical Investments L.P. purchased a new position in Inter Parfums in the third quarter worth about $104,000. Crossmark Global Holdings Inc. bought a new stake in shares of Inter Parfums during the 3rd quarter valued at about $209,000. Finally, Choreo LLC purchased a new stake in shares of Inter Parfums during the 2nd quarter valued at about $213,000. 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.