Inter Parfums’ (IPAR) Buy Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a research note published on Tuesday,Benzinga reports. DA Davidson currently has a $163.00 price objective on the stock. DA Davidson also issued estimates for Inter Parfums’ Q4 2024 earnings at $0.81 EPS, FY2025 earnings at $5.35 EPS and FY2025 earnings at $5.39 EPS.

Several other analysts also recently issued reports on IPAR. BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research report on Monday. Piper Sandler reaffirmed an “overweight” rating and set a $151.00 target price (up previously from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. Finally, StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.50.

Inter Parfums Trading Down 2.3 %

Inter Parfums stock traded down $2.95 during mid-day trading on Tuesday, hitting $127.77. 32,643 shares of the stock were exchanged, compared to its average volume of 145,208. 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 12 month low of $108.39 and a 12 month high of $156.75. The firm’s fifty day simple moving average is $122.42 and its two-hundred day simple moving average is $122.47. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 28.05 and a beta of 1.16.

Inter Parfums (NASDAQ:IPAR) last released its quarterly 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 firm had revenue of $425.00 million during the quarter, compared to analyst estimates of $425.00 million. During the same quarter last year, the business earned $1.66 EPS. The company’s revenue was up 15.5% compared to the same quarter last year. Analysts forecast that Inter Parfums will post 5.15 EPS for the current year.

Inter Parfums Announces Dividend

The firm 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 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 presently 64.38%.

Insider Buying and Selling

In related 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 Securities & Exchange Commission, which is available at this hyperlink. 43.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Inter Parfums

Large investors have recently bought and sold shares of the business. CWM LLC increased its position in shares of Inter Parfums by 44.4% during the second quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after purchasing an additional 88 shares in the last quarter. Blue Trust Inc. boosted its holdings in Inter Parfums by 83.4% in 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 stake in shares of Inter Parfums during the 2nd quarter worth about $89,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of Inter Parfums during the 3rd quarter worth about $104,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Inter Parfums during the 3rd quarter worth about $209,000. Institutional investors 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.