Inter Parfums’ (IPAR) Overweight Rating Reiterated at Piper Sandler

Inter Parfums (NASDAQ:IPAR)‘s stock had its “overweight” rating reaffirmed by equities researchers at Piper Sandler in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $151.00 target price on the stock, up from their prior target price of $150.00. Piper Sandler’s target price would suggest a potential upside of 11.61% from the stock’s current price.

A number of other research firms also recently issued reports on IPAR. StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a research note on Saturday, June 8th. Jefferies Financial Group upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Friday, July 12th. DA Davidson restated a “buy” rating and set a $192.00 price target on shares of Inter Parfums in a research note on Monday. Finally, BWS Financial restated a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Inter Parfums currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.75.

Inter Parfums Price Performance

Shares of NASDAQ:IPAR opened at $135.29 on Tuesday. Inter Parfums has a 1-year low of $108.39 and a 1-year high of $156.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.75 and a quick ratio of 1.43. The business has a fifty day moving average price of $118.80 and a 200-day moving average price of $130.06. The company has a market capitalization of $4.33 billion, a PE ratio of 31.17 and a beta of 1.18.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $1.27 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 business had revenue of $323.96 million during the quarter, compared to the consensus estimate of $324.00 million. During the same quarter in the previous year, the business posted $1.68 earnings per share. Inter Parfums’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts expect that Inter Parfums will post 5.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IPAR. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Inter Parfums during the 4th quarter valued at about $27,000. Principal Securities Inc. purchased a new position in shares of Inter Parfums during the 4th quarter valued at about $30,000. Whittier Trust Co. purchased a new position in shares of Inter Parfums during the 1st quarter valued at about $31,000. Signaturefd LLC lifted its position in shares of Inter Parfums by 87.4% during the 4th quarter. Signaturefd LLC now owns 223 shares of the company’s stock valued at $32,000 after buying an additional 104 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Inter Parfums during the 4th quarter valued at about $33,000. 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.