Inter Parfums’ (IPAR) Buy Rating Reiterated at BWS Financial

BWS Financial restated their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a research report released on Monday morning,Benzinga reports. BWS Financial currently has a $172.00 price objective on the stock. BWS Financial also issued estimates for Inter Parfums’ Q4 2024 earnings at $0.81 EPS, Q1 2025 earnings at $1.22 EPS, Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.66 EPS and Q4 2025 earnings at $1.03 EPS.

A number of other research analysts have also recently weighed in on the company. StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. DA Davidson reiterated a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a report on Tuesday, October 22nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $151.00 target price (up previously from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. One 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.com, Inter Parfums presently has an average rating of “Moderate Buy” and a consensus target price of $157.50.

Inter Parfums Price Performance

IPAR stock opened at $128.20 on Monday. Inter Parfums has a 52-week low of $108.39 and a 52-week high of $156.75. The stock’s fifty day simple moving average is $122.42 and its 200-day simple moving average is $122.47. 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 stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 27.51 and a beta of 1.16.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data 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 return on equity of 16.34% and a net margin of 10.60%. The business had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. During the same quarter last year, the firm earned $1.66 earnings per share. The business’s revenue was up 15.5% on a year-over-year basis. Equities research analysts expect that Inter Parfums will post 5.15 EPS for the current year.

Inter Parfums Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.34%. The ex-dividend date is Monday, December 16th. Inter Parfums’s dividend payout ratio (DPR) is presently 64.38%.

Insider Buying and Selling at Inter Parfums

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. 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 acquiring an additional 88 shares during the last quarter. Blue Trust Inc. increased its position in shares of Inter Parfums by 83.4% during the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after acquiring an additional 296 shares during the last quarter. Mendota Financial Group LLC purchased a new stake in shares of Inter Parfums during the second quarter worth about $89,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Inter Parfums during the third quarter worth about $209,000. Finally, Choreo LLC purchased a new stake in shares of Inter Parfums during the second quarter worth about $213,000. 55.57% of the stock is owned by hedge funds and other institutional investors.

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.