StockNews.com Downgrades Inter Parfums (NASDAQ:IPAR) to Sell

StockNews.com cut shares of Inter Parfums (NASDAQ:IPAR) from a hold rating to a sell rating in a research note published on Wednesday.

A number of other analysts also recently weighed in on the company. BWS Financial reiterated a buy rating and set a $172.00 price target on shares of Inter Parfums in a report on Thursday, May 9th. Piper Sandler reaffirmed an overweight rating and set a $151.00 target price (up previously from $150.00) on shares of Inter Parfums in a research note on Tuesday. DA Davidson reissued a buy rating and issued a $192.00 price target on shares of Inter Parfums in a research note on Monday, July 22nd. Finally, Jefferies Financial Group upgraded Inter Parfums from a hold rating to a buy rating and set a $140.00 price target on the stock in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $163.75.

Inter Parfums Trading Up 1.4 %

NASDAQ IPAR opened at $137.98 on Wednesday. The business’s 50-day moving average price is $119.50 and its two-hundred day moving average price is $130.13. The company has a current ratio of 2.75, a quick ratio of 1.43 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $4.42 billion, a PE ratio of 31.79 and a beta of 1.18. Inter Parfums has a 12 month low of $108.39 and a 12 month high of $156.75.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, May 7th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.29). Inter Parfums had a return on equity of 15.85% and a net margin of 10.50%. The firm had revenue of $323.96 million for the quarter, compared to the consensus estimate of $324.00 million. During the same quarter in the previous year, the business posted $1.68 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts expect that Inter Parfums will post 5.15 EPS for the current year.

Institutional Trading of Inter Parfums

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Inter Parfums in the fourth quarter valued at approximately $27,000. Principal Securities Inc. bought a new position in shares of Inter Parfums in the fourth quarter valued at $30,000. Whittier Trust Co. acquired a new position in shares of Inter Parfums during the first quarter valued at about $31,000. Signaturefd LLC increased its position in shares of Inter Parfums by 87.4% during the fourth quarter. Signaturefd LLC now owns 223 shares of the company’s stock worth $32,000 after acquiring an additional 104 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Inter Parfums in the 4th quarter worth about $33,000. 55.57% of the stock is owned by 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.