Inter Parfums (NASDAQ:IPAR) Receives “Buy” Rating from BWS Financial

Inter Parfums (NASDAQ:IPAR)‘s stock had its “buy” rating restated by investment analysts at BWS Financial in a research report issued on Monday,Benzinga reports. They presently have a $172.00 price target on the stock. BWS Financial’s price objective suggests a potential upside of 32.20% from the company’s previous close.

A number of other equities analysts also recently weighed in on IPAR. DA Davidson increased their price target on shares of Inter Parfums from $163.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Canaccord Genuity Group raised their price target on shares of Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Piper Sandler raised their price target on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Inter Parfums presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.

Inter Parfums Trading Up 2.3 %

Shares of IPAR traded up $2.89 on Monday, hitting $130.11. 19,554 shares of the stock traded hands, compared to its average volume of 143,700. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $4.18 billion, a P/E ratio of 27.92 and a beta of 1.18. The stock’s 50 day moving average is $135.80 and its two-hundred day moving average is $130.10. Inter Parfums has a 1 year low of $108.39 and a 1 year high of $148.15.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). The firm had revenue of $361.50 million for the quarter, compared to analysts’ expectations of $361.56 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. As a group, sell-side analysts predict that Inter Parfums will post 5.14 earnings per share for the current year.

Institutional Trading of Inter Parfums

Hedge funds have recently bought and sold shares of the company. Westwood Holdings Group Inc. acquired a new position in Inter Parfums during the 4th quarter valued at about $46,649,000. Raymond James Financial Inc. acquired a new position in shares of Inter Parfums in the 4th quarter worth approximately $39,070,000. Norges Bank acquired a new position in shares of Inter Parfums in the 4th quarter worth approximately $32,095,000. Victory Capital Management Inc. raised its holdings in shares of Inter Parfums by 55.0% in the 4th quarter. Victory Capital Management Inc. now owns 563,646 shares of the company’s stock worth $74,125,000 after purchasing an additional 200,079 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Inter Parfums by 10.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company’s stock valued at $147,913,000 after purchasing an additional 108,321 shares during the last quarter. 55.57% of the stock is currently owned by 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.