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

BWS Financial reaffirmed their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a research note released on Monday morning,Benzinga reports. The firm currently has a $172.00 target price on the stock.

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

Inter Parfums Price Performance

Shares of Inter Parfums stock opened at $127.60 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.27. The business has a 50 day simple moving average of $122.32 and a two-hundred day simple moving average of $122.38. The stock has a market capitalization of $4.09 billion, a P/E ratio of 27.64 and a beta of 1.16. Inter Parfums has a 12 month low of $108.39 and a 12 month high of $156.75.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, beating 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 business had revenue of $425.00 million during the quarter, compared to analysts’ expectations of $425.00 million. During the same period in the prior year, the business earned $1.66 earnings per share. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, analysts predict that Inter Parfums will post 5.15 EPS for the current fiscal year.

Inter Parfums Dividend Announcement

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

Insider Buying and Selling

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $125.96, for a total value of $188,940.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 43.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. CWM LLC boosted its position in Inter Parfums by 44.4% in the 2nd quarter. CWM LLC now owns 286 shares of the company’s stock valued at $33,000 after buying an additional 88 shares during the period. Commonwealth Equity Services LLC increased its holdings in Inter Parfums by 2.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company’s stock worth $390,000 after purchasing an additional 92 shares during the period. Louisiana State Employees Retirement System increased its holdings in Inter Parfums by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company’s stock worth $1,044,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System raised its position in Inter Parfums by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 5,378 shares of the company’s stock valued at $624,000 after purchasing an additional 105 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Inter Parfums by 3.9% in the 3rd quarter. Inspire Investing LLC now owns 3,208 shares of the company’s stock valued at $415,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.

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.