DA Davidson Issues Positive Forecast for Inter Parfums (NASDAQ:IPAR) Stock Price

Inter Parfums (NASDAQ:IPAR) had its price objective hoisted by DA Davidson from $163.00 to $170.00 in a report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock. DA Davidson also issued estimates for Inter Parfums’ Q1 2025 earnings at $1.30 EPS, Q1 2025 earnings at $1.14 EPS, FY2026 earnings at $5.81 EPS and FY2026 earnings at $5.85 EPS.

IPAR has been the subject of several other reports. BWS Financial reiterated a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Monday, January 27th. Piper Sandler increased their price target on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Canaccord Genuity Group started coverage on Inter Parfums in a report on Thursday, January 16th. They issued a “buy” rating and a $158.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Inter Parfums currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.

Inter Parfums Trading Down 1.0 %

IPAR stock opened at $138.92 on Thursday. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 29.81 and a beta of 1.20. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $135.89 and a 200-day simple moving average of $129.68. Inter Parfums has a 52 week low of $108.39 and a 52 week high of $152.33.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The firm had revenue of $361.50 million for the quarter, compared to analyst estimates of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. On average, equities research analysts expect that Inter Parfums will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.80 dividend. This is a boost from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, March 14th. Inter Parfums’s dividend payout ratio is presently 58.94%.

Hedge Funds Weigh In On Inter Parfums

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after purchasing an additional 81 shares during the last quarter. Coppell Advisory Solutions LLC lifted its position in shares of Inter Parfums by 210.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock worth $67,000 after purchasing an additional 347 shares during the last quarter. SRH Advisors LLC lifted its position in shares of Inter Parfums by 791.7% during the fourth quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after purchasing an additional 475 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in shares of Inter Parfums during the third quarter worth about $104,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of Inter Parfums by 100.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock worth $105,000 after purchasing an additional 400 shares during the last quarter. 55.57% of the stock is owned by hedge funds and other 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.