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

Inter Parfums (NASDAQ:IPAR - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They presently have a $170.00 price target on the stock. DA Davidson's price target points to a potential upside of 44.98% from the company's current price.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group raised their price target on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Piper Sandler raised their target price on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Finally, BWS Financial restated a "buy" rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Monday, March 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Inter Parfums currently has an average rating of "Moderate Buy" and an average target price of $162.80.

Inter Parfums Stock Performance

Shares of NASDAQ:IPAR traded down $4.23 on Tuesday, hitting $117.26. 334,547 shares of the company were exchanged, compared to its average volume of 162,253. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The stock's 50 day moving average price is $133.44 and its 200 day moving average price is $129.78. Inter Parfums has a 1-year low of $108.39 and a 1-year high of $148.15. The firm has a market capitalization of $3.77 billion, a P/E ratio of 25.16 and a beta of 1.18.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.05). The firm had revenue of $361.50 million for the quarter, compared to analyst estimates of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. Sell-side analysts predict that Inter Parfums will post 5.14 EPS for the current year.

Hedge Funds Weigh In On Inter Parfums

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of Inter Parfums by 55.9% in the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company's stock valued at $30,000 after buying an additional 81 shares in the last quarter. Coppell Advisory Solutions LLC grew its stake in Inter Parfums by 210.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock valued at $67,000 after acquiring an additional 347 shares during the period. SRH Advisors LLC increased its holdings in Inter Parfums by 791.7% in the 4th quarter. SRH Advisors LLC now owns 535 shares of the company's stock worth $70,000 after acquiring an additional 475 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new position in Inter Parfums during the third quarter worth $104,000. Finally, Canada Pension Plan Investment Board lifted its holdings in Inter Parfums by 100.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock valued at $105,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds 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.