DA Davidson Has Positive View of Inter Parfums Q3 Earnings

Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) - Stock analysts at DA Davidson lifted their Q3 2024 earnings per share estimates for shares of Inter Parfums in a research report issued to clients and investors on Tuesday, October 22nd. DA Davidson analyst L. Weiser now forecasts that the company will post earnings per share of $1.87 for the quarter, up from their previous estimate of $1.80. DA Davidson currently has a "Buy" rating and a $163.00 target price on the stock. The consensus estimate for Inter Parfums' current full-year earnings is $5.15 per share.

Several other equities research analysts also recently weighed in on IPAR. BWS Financial reiterated a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a research note on Wednesday. Jefferies Financial Group raised Inter Parfums from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Friday, July 12th. StockNews.com raised Inter Parfums from a "sell" rating to a "hold" rating in a report on Wednesday, August 7th. Finally, Piper Sandler reissued an "overweight" rating and issued a $151.00 price objective (up from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $156.50.

Inter Parfums Stock Performance

NASDAQ IPAR traded up $1.02 on Wednesday, reaching $121.25. The stock had a trading volume of 118,742 shares, compared to its average volume of 143,759. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58. The stock has a market cap of $3.88 billion, a P/E ratio of 27.94 and a beta of 1.15. The business's 50-day moving average price is $122.67 and its 200 day moving average price is $122.68. 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 posted its earnings results on Tuesday, August 6th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.05 by $0.09. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The firm had revenue of $342.00 million for the quarter, compared to analyst estimates of $342.00 million. During the same quarter in the prior year, the company posted $1.09 earnings per share. Inter Parfums's revenue for the quarter was up 10.7% compared to the same quarter last year.

Insider Buying and Selling

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 43.90% of the company's stock.

Institutional Investors Weigh In On Inter Parfums

Institutional investors have recently bought and sold shares of the stock. CWM LLC lifted 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 valued at $33,000 after purchasing an additional 88 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Inter Parfums by 2.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company's stock valued at $390,000 after acquiring an additional 92 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Inter Parfums by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company's stock valued at $1,044,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System boosted its position in Inter Parfums by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 5,378 shares of the company's stock worth $624,000 after purchasing an additional 105 shares during the period. Finally, Inspire Investing LLC increased its holdings in Inter Parfums by 3.9% in the 3rd quarter. Inspire Investing LLC now owns 3,208 shares of the company's stock valued at $415,000 after purchasing an additional 120 shares in the last quarter. 55.57% of the stock is currently owned by hedge funds and other 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.