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

Inter Parfums (NASDAQ:IPAR)‘s stock had its “buy” rating reiterated by BWS Financial in a report released on Wednesday, Benzinga reports. They currently have a $172.00 price objective on the stock. BWS Financial’s target price would suggest a potential upside of 38.80% from the stock’s current price.

Separately, Piper Sandler raised their price objective on Inter Parfums from $175.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th.

Inter Parfums Stock Up 0.2 %

Shares of IPAR stock opened at $123.92 on Wednesday. Inter Parfums has a 1 year low of $120.71 and a 1 year high of $161.17. The stock has a market cap of $3.97 billion, a PE ratio of 26.09 and a beta of 1.13. The business’s fifty day moving average is $139.54 and its 200-day moving average is $135.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.44 and a current ratio of 2.58.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $328.74 million for the quarter, compared to the consensus estimate of $329.00 million. Inter Parfums had a return on equity of 17.62% and a net margin of 11.59%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. Equities analysts expect that Inter Parfums will post 5.16 earnings per share for the current fiscal year.

Insider Transactions at Inter Parfums

In other news, Director Gilbert Harrison sold 250 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $150.42, for a total value of $37,605.00. Following the completion of the sale, the director now owns 1,000 shares of the company’s stock, valued at $150,420. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 43.90% of the stock is currently owned by insiders.

Institutional Trading of Inter Parfums

A number of institutional investors have recently bought and sold shares of IPAR. JPMorgan Chase & Co. boosted its position in Inter Parfums by 17.1% during the first quarter. JPMorgan Chase & Co. now owns 114,363 shares of the company’s stock valued at $10,069,000 after purchasing an additional 16,670 shares during the last quarter. American Century Companies Inc. raised its holdings in Inter Parfums by 21.1% during the first quarter. American Century Companies Inc. now owns 16,915 shares of the company’s stock valued at $1,489,000 after buying an additional 2,949 shares in the last quarter. Citigroup Inc. raised its holdings in Inter Parfums by 10.0% during the first quarter. Citigroup Inc. now owns 15,487 shares of the company’s stock valued at $1,364,000 after buying an additional 1,412 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Inter Parfums by 51.4% during the first quarter. MetLife Investment Management LLC now owns 9,932 shares of the company’s stock valued at $875,000 after buying an additional 3,372 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Inter Parfums by 5.0% during the first quarter. Rhumbline Advisers now owns 55,065 shares of the company’s stock valued at $4,848,000 after buying an additional 2,604 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

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.