DA Davidson Reiterates “Buy” Rating for Inter Parfums (NASDAQ:IPAR)

DA Davidson restated their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a research report report published on Tuesday,Benzinga reports. DA Davidson currently has a $163.00 price target on the stock. DA Davidson also issued estimates for Inter Parfums’ Q4 2024 earnings at $0.81 EPS and FY2025 earnings at $5.39 EPS.

Several other brokerages also recently commented on IPAR. BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Monday. StockNews.com upgraded 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 target price (up previously from $150.00) on shares of Inter Parfums in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $156.50.

Inter Parfums Stock Performance

Shares of IPAR opened at $126.00 on Tuesday. The business has a 50-day simple moving average of $122.33 and a two-hundred day simple moving average of $122.43. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. Inter Parfums has a 52 week low of $108.39 and a 52 week high of $156.75. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 27.04 and a beta of 1.16.

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

Inter Parfums Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.00 dividend on an annualized basis and a yield of 2.38%. Inter Parfums’s dividend payout ratio is currently 64.38%.

Insiders Place Their Bets

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 43.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IPAR. CWM LLC increased its position in Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after purchasing an additional 88 shares during the last quarter. Blue Trust Inc. lifted its position in Inter Parfums by 83.4% during the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after purchasing an additional 296 shares during the last quarter. Mendota Financial Group LLC purchased a new position in shares of Inter Parfums in the 2nd quarter worth $89,000. Crossmark Global Holdings Inc. bought a new stake in shares of Inter Parfums in the 3rd quarter worth about $209,000. Finally, Choreo LLC purchased a new stake in shares of Inter Parfums during the 2nd quarter valued at about $213,000. 55.57% of the stock is currently owned by institutional investors.

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.