Inter Parfums (NASDAQ:IPAR) Given “Buy” Rating at BWS Financial

Inter Parfums (NASDAQ:IPARGet Free Report)‘s stock had its “buy” rating restated by equities research analysts at BWS Financial in a report issued on Thursday, Benzinga reports. They currently have a $172.00 price target on the stock. BWS Financial’s price target would suggest a potential upside of 40.96% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler cut their price target on shares of Inter Parfums from $176.00 to $172.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. DA Davidson reaffirmed a “buy” rating and set a $192.00 price objective on shares of Inter Parfums in a report on Thursday.

Read Our Latest Analysis on IPAR

Inter Parfums Trading Up 1.2 %

IPAR stock opened at $122.02 on Thursday. Inter Parfums has a 1-year low of $114.71 and a 1-year high of $156.75. The company has a current ratio of 2.58, a quick ratio of 1.44 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $130.38 and its 200-day moving average is $134.83. The firm has a market cap of $3.91 billion, a P/E ratio of 25.69 and a beta of 1.19.

Inter Parfums (NASDAQ:IPARGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.29). Inter Parfums had a net margin of 11.59% and a return on equity of 17.62%. The company had revenue of $323.96 million during the quarter, compared to the consensus estimate of $324.00 million. During the same quarter last year, the company earned $1.68 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Equities analysts anticipate that Inter Parfums will post 5.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inter Parfums

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Inter Parfums by 1.5% during the first quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company’s stock valued at $288,718,000 after purchasing an additional 30,316 shares during the last quarter. Invesco Ltd. boosted its position in Inter Parfums by 94.4% in the 3rd quarter. Invesco Ltd. now owns 276,433 shares of the company’s stock valued at $37,136,000 after buying an additional 134,243 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Inter Parfums by 10.8% in the 3rd quarter. William Blair Investment Management LLC now owns 243,675 shares of the company’s stock valued at $32,735,000 after buying an additional 23,838 shares during the period. Norges Bank bought a new stake in shares of Inter Parfums during the fourth quarter worth $32,493,000. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Inter Parfums by 1.9% during the third quarter. Lord Abbett & CO. LLC now owns 202,451 shares of the company’s stock valued at $27,197,000 after acquiring an additional 3,774 shares during the period. 55.57% of the stock is owned by institutional investors.

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.

Featured Articles

Receive News & Ratings for Inter Parfums Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums and related companies with MarketBeat.com's FREE daily email newsletter.