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

BWS Financial reissued their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a report released on Monday morning,Benzinga reports. They currently have a $172.00 price objective on the stock.

A number of other research analysts also recently issued reports on IPAR. DA Davidson reiterated a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a report on Tuesday, October 22nd. StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Piper Sandler reiterated an “overweight” rating and set a $151.00 price objective (up previously from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.50.

Inter Parfums Trading Down 0.9 %

Shares of IPAR stock opened at $127.60 on Monday. The stock’s 50-day moving average price is $122.32 and its 200-day moving average price is $122.38. Inter Parfums has a 12-month low of $108.39 and a 12-month high of $156.75. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 27.64 and a beta of 1.16. The company has a current ratio of 2.82, a quick ratio of 1.27 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $425.00 million during the quarter, compared to analysts’ expectations of $425.00 million. During the same period in the previous year, the company earned $1.66 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. Equities research analysts predict that Inter Parfums will post 5.15 EPS for the current fiscal year.

Inter Parfums Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.75 per share. The ex-dividend date is Monday, December 16th. This represents a $3.00 dividend on an annualized basis and a yield of 2.35%. Inter Parfums’s dividend payout ratio is currently 64.38%.

Insider Activity

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 43.90% of the company’s stock.

Institutional Investors Weigh In On Inter Parfums

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Intech Investment Management LLC grew its position in Inter Parfums by 125.3% during the third quarter. Intech Investment Management LLC now owns 7,479 shares of the company’s stock valued at $968,000 after buying an additional 4,160 shares during the period. Aurora Investment Counsel grew its position in shares of Inter Parfums by 0.8% during the 3rd quarter. Aurora Investment Counsel now owns 19,457 shares of the company’s stock valued at $2,519,000 after acquiring an additional 146 shares during the period. Segall Bryant & Hamill LLC increased its stake in shares of Inter Parfums by 20.9% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 44,190 shares of the company’s stock valued at $5,722,000 after purchasing an additional 7,654 shares in the last quarter. Royce & Associates LP raised its holdings in Inter Parfums by 0.7% in the 3rd quarter. Royce & Associates LP now owns 595,175 shares of the company’s stock worth $77,063,000 after purchasing an additional 4,345 shares during the period. Finally, Black Swift Group LLC purchased a new position in Inter Parfums during the third quarter worth approximately $647,000. 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.