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

Inter Parfums (NASDAQ:IPAR)‘s stock had its “buy” rating reissued by analysts at BWS Financial in a report issued on Wednesday, Benzinga reports. They presently have a $172.00 price target on the stock. BWS Financial’s price objective would indicate a potential upside of 38.39% from the stock’s previous close.

Separately, Piper Sandler increased their price objective on shares of Inter Parfums from $175.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th.

Inter Parfums Price Performance

Shares of NASDAQ IPAR traded down $0.80 during midday trading on Wednesday, reaching $124.29. The stock had a trading volume of 58,027 shares, compared to its average volume of 137,428. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 26.11 and a beta of 1.13. The stock has a 50-day moving average of $140.55 and a 200-day moving average of $135.74. Inter Parfums has a 12-month low of $120.71 and a 12-month high of $161.17. 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 posted its earnings results 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 analysts’ expectations of $329.00 million. Inter Parfums had a net margin of 11.59% and a return on equity of 17.62%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. As a group, research analysts anticipate that Inter Parfums will post 5.16 EPS for the current fiscal year.

Insider Buying and Selling at Inter Parfums

In other news, Director Gilbert Harrison sold 250 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were 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 in the company, valued at approximately $150,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 43.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Inter Parfums

Several institutional investors have recently made changes to their positions in the company. Annex Advisory Services LLC lifted its holdings in shares of Inter Parfums by 26.9% in the 1st quarter. Annex Advisory Services LLC now owns 53,111 shares of the company’s stock worth $7,463,000 after acquiring an additional 11,259 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Inter Parfums by 20.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 82,291 shares of the company’s stock worth $11,851,000 after acquiring an additional 13,756 shares during the last quarter. Pier Capital LLC lifted its holdings in Inter Parfums by 13.7% during the 4th quarter. Pier Capital LLC now owns 49,634 shares of the company’s stock valued at $7,148,000 after buying an additional 5,982 shares in the last quarter. West Tower Group LLC lifted its holdings in Inter Parfums by 915.4% during the 4th quarter. West Tower Group LLC now owns 396 shares of the company’s stock valued at $57,000 after buying an additional 357 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Inter Parfums by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 48,998 shares of the company’s stock valued at $7,057,000 after buying an additional 921 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.

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.