Inter Parfums (NASDAQ:IPAR) Earns Buy Rating from BWS Financial

Inter Parfums (NASDAQ:IPAR - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at BWS Financial in a report issued on Monday,Benzinga reports. They presently have a $172.00 price objective on the stock. BWS Financial's price target would suggest a potential upside of 32.31% from the stock's previous close.

Several other equities research analysts have also recently commented on IPAR. StockNews.com raised Inter Parfums from a "sell" rating to a "hold" rating in a research note on Wednesday, August 7th. DA Davidson reiterated a "buy" rating and issued a $163.00 price target on shares of Inter Parfums in a research report on Tuesday, October 22nd. Finally, Piper Sandler reiterated an "overweight" rating and set a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $156.50.

Inter Parfums Stock Performance

IPAR traded up $1.77 during trading hours on Monday, hitting $130.00. The company's stock had a trading volume of 89,307 shares, compared to its average volume of 144,366. The company has a current ratio of 2.82, a quick ratio of 1.27 and a debt-to-equity ratio of 0.14. Inter Parfums has a fifty-two week low of $108.39 and a fifty-two week high of $156.75. The company has a 50-day simple moving average of $122.32 and a 200 day simple moving average of $122.31. The firm has a market capitalization of $4.16 billion, a PE ratio of 27.61 and a beta of 1.16.

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, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $425.00 million. During the same period last year, the firm earned $1.66 EPS. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, sell-side analysts expect that Inter Parfums will post 5.15 EPS for the current year.

Insider Activity

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of Inter Parfums stock in a transaction on Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 43.90% of the stock is owned by insiders.

Institutional Trading of Inter Parfums

Institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC grew its position in Inter Parfums by 125.3% during the third quarter. Intech Investment Management LLC now owns 7,479 shares of the company's stock worth $968,000 after buying an additional 4,160 shares in the last quarter. Aurora Investment Counsel increased its position in shares of Inter Parfums by 0.8% in the third quarter. Aurora Investment Counsel now owns 19,457 shares of the company's stock worth $2,519,000 after purchasing an additional 146 shares during the period. Segall Bryant & Hamill LLC increased its position in shares of Inter Parfums by 20.9% in the third quarter. Segall Bryant & Hamill LLC now owns 44,190 shares of the company's stock worth $5,722,000 after purchasing an additional 7,654 shares during the period. Royce & Associates LP raised its stake in Inter Parfums by 0.7% in the third quarter. Royce & Associates LP now owns 595,175 shares of the company's stock valued at $77,063,000 after purchasing an additional 4,345 shares in the last quarter. Finally, Black Swift Group LLC bought a new stake in Inter Parfums during the third quarter worth about $647,000. 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.

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