Inter Parfums (NASDAQ:IPAR) Receives “Buy” Rating from DA Davidson

Inter Parfums (NASDAQ:IPAR)‘s stock had its “buy” rating reaffirmed by stock analysts at DA Davidson in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $170.00 price target on the stock. DA Davidson’s price objective would suggest a potential upside of 41.84% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. BWS Financial reissued a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Monday, March 17th. Canaccord Genuity Group upped their price target on Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Piper Sandler lifted their price objective on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.80.

Inter Parfums Stock Performance

IPAR stock traded down $1.16 during trading on Tuesday, reaching $119.85. The stock had a trading volume of 44,462 shares, compared to its average volume of 153,034. The firm has a market cap of $3.85 billion, a PE ratio of 25.71 and a beta of 1.18. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $134.72 and its two-hundred day moving average is $129.91. Inter Parfums has a 52 week low of $108.39 and a 52 week high of $148.15.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $361.50 million during the quarter, compared to the consensus estimate of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. As a group, equities analysts anticipate that Inter Parfums will post 5.14 earnings per share for the current year.

Hedge Funds Weigh In On Inter Parfums

A number of hedge funds have recently made changes to their positions in the business. Jefferies Financial Group Inc. bought a new stake in Inter Parfums during the 4th quarter valued at approximately $1,606,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Inter Parfums by 17.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 92,953 shares of the company’s stock worth $12,224,000 after buying an additional 13,605 shares in the last quarter. JT Stratford LLC bought a new position in shares of Inter Parfums during the fourth quarter worth $240,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Inter Parfums by 36.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,405 shares of the company’s stock valued at $4,919,000 after acquiring an additional 10,013 shares in the last quarter. Finally, Westwood Holdings Group Inc. bought a new stake in Inter Parfums in the 4th quarter valued at $46,649,000. Institutional investors 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.