Inter Parfums’ (IPAR) Buy Rating Reaffirmed at BWS Financial

Inter Parfums (NASDAQ:IPAR)‘s stock had its “buy” rating restated by analysts at BWS Financial in a research report issued on Thursday, Benzinga reports. They presently have a $172.00 price target on the stock. BWS Financial’s price objective would indicate a potential upside of 42.63% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $192.00 price target on shares of Inter Parfums in a research note on Thursday. Piper Sandler dropped their target price on Inter Parfums from $176.00 to $172.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th.

Inter Parfums Trading Up 1.8 %

Shares of NASDAQ IPAR opened at $120.59 on Thursday. Inter Parfums has a 1-year low of $114.71 and a 1-year high of $156.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.44. The business’s 50 day moving average is $130.85 and its two-hundred day moving average is $134.85. The stock has a market capitalization of $3.86 billion, a P/E ratio of 25.39 and a beta of 1.19.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Tuesday, May 7th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.29). The company had revenue of $323.96 million for the quarter, compared to the consensus estimate of $324.00 million. Inter Parfums had a net margin of 11.59% and a return on equity of 17.62%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 EPS. As a group, research analysts expect that Inter Parfums will post 5.15 EPS for the current year.

Institutional Investors Weigh In On Inter Parfums

Hedge funds have recently made changes to their positions in the company. Chesapeake Capital Corp IL purchased a new stake in shares of Inter Parfums in the 1st quarter worth approximately $690,000. State Board of Administration of Florida Retirement System lifted its holdings in Inter Parfums by 7.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 5,633 shares of the company’s stock worth $801,000 after buying an additional 390 shares during the period. ProShare Advisors LLC lifted its holdings in Inter Parfums by 7.4% during the first quarter. ProShare Advisors LLC now owns 3,692 shares of the company’s stock worth $519,000 after buying an additional 255 shares during the period. Illinois Municipal Retirement Fund boosted its position in Inter Parfums by 5.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 14,164 shares of the company’s stock valued at $1,990,000 after acquiring an additional 754 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Inter Parfums in the 1st quarter valued at $1,018,000. 55.57% of the stock is currently 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.