DA Davidson reaffirmed their buy rating on shares of Inter Parfums (NASDAQ:IPAR - Free Report) in a research report released on Tuesday, Benzinga reports. The firm currently has a $163.00 target price on the stock.
Several other research firms have also commented on IPAR. StockNews.com raised Inter Parfums from a "sell" rating to a "hold" rating in a report on Wednesday, August 7th. 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. Piper Sandler reaffirmed an "overweight" rating and set a $151.00 target price (up from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. Finally, BWS Financial reaffirmed a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $156.50.
View Our Latest Research Report on IPAR
Inter Parfums Stock Up 0.8 %
NASDAQ:IPAR traded up $0.93 during mid-day trading on Tuesday, hitting $120.23. 145,015 shares of the company's stock traded hands, compared to its average volume of 143,881. The company has a fifty day moving average of $122.67 and a 200 day moving average of $122.68. Inter Parfums has a twelve month low of $108.39 and a twelve month high of $156.75. The company has a market capitalization of $3.85 billion, a P/E ratio of 27.70 and a beta of 1.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58.
Inter Parfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.09. The business had revenue of $342.00 million for the quarter, compared to analyst estimates of $342.00 million. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The company's revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 earnings per share. On average, analysts forecast that Inter Parfums will post 5.15 EPS for the current year.
Insider Activity at Inter Parfums
In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm's stock in a transaction on Monday, August 19th. The stock was 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 is available at the SEC website. Insiders own 43.90% of the company's stock.
Institutional Investors Weigh In On Inter Parfums
Institutional investors have recently modified their holdings of the company. Whittier Trust Co. acquired a new stake in shares of Inter Parfums in the first quarter valued at $31,000. CWM LLC boosted its holdings in Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company's stock valued at $33,000 after purchasing an additional 88 shares during the period. Hexagon Capital Partners LLC boosted its holdings in Inter Parfums by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 265 shares of the company's stock valued at $37,000 after purchasing an additional 121 shares during the period. Blue Trust Inc. boosted 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 purchasing an additional 296 shares during the period. Finally, Mendota Financial Group LLC purchased a new position in Inter Parfums in the second quarter valued at $89,000. 55.57% of the stock is owned by institutional investors and hedge funds.
Inter Parfums Company Profile
(
Get Free Report)
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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