BWS Financial Reaffirms "Buy" Rating for Inter Parfums (NASDAQ:IPAR)

BWS Financial reaffirmed their buy rating on shares of Inter Parfums (NASDAQ:IPAR - Free Report) in a report published on Wednesday morning, Benzinga reports. BWS Financial currently has a $172.00 price objective on the stock.

Several other analysts also recently commented on IPAR. Piper Sandler restated an "overweight" rating and set a $151.00 price objective (up from $150.00) on shares of Inter Parfums in a research report on Tuesday, July 23rd. StockNews.com upgraded Inter Parfums from a "sell" rating to a "hold" rating in a research report on Wednesday, August 7th. Jefferies Financial Group upgraded Inter Parfums from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research report on Friday, July 12th. Finally, DA Davidson reissued a "buy" rating and issued a $163.00 price target on shares of Inter Parfums in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Inter Parfums presently has an average rating of "Moderate Buy" and an average target price of $156.50.

Inter Parfums Stock Performance

Inter Parfums stock traded up $1.02 during trading on Wednesday, reaching $121.25. The company had a trading volume of 118,742 shares, compared to its average volume of 143,759. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 27.94 and a beta of 1.15. The company has a current ratio of 2.58, a quick ratio of 1.27 and a debt-to-equity ratio of 0.12. The firm's 50-day simple moving average is $122.67 and its 200 day simple moving average is $122.68. Inter Parfums has a 52 week low of $108.39 and a 52 week high of $156.75.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.05 by $0.09. The firm had revenue of $342.00 million for the quarter, compared to the consensus estimate of $342.00 million. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 earnings per share. Sell-side analysts forecast that Inter Parfums will post 5.15 earnings per share for the current fiscal year.

Insider Activity at Inter Parfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm's 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 this hyperlink. 43.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Inter Parfums

Institutional investors and hedge funds have recently made changes to their positions in the business. UniSuper Management Pty Ltd purchased a new position in shares of Inter Parfums in the 1st quarter worth $638,000. Bessemer Group Inc. grew its stake in shares of Inter Parfums by 6.0% in the 1st quarter. Bessemer Group Inc. now owns 85,990 shares of the company's stock worth $12,082,000 after buying an additional 4,880 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Inter Parfums in the 1st quarter worth $1,018,000. Harbor Capital Advisors Inc. grew its stake in shares of Inter Parfums by 306.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,478 shares of the company's stock worth $636,000 after buying an additional 4,131 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Inter Parfums in the 1st quarter worth $601,000. 55.57% of the stock is owned by hedge funds and other institutional investors.

Inter Parfums Company Profile

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.