Inter Parfums (NASDAQ:IPAR) Given “Buy” Rating at BWS Financial

BWS Financial reiterated their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a research note issued to investors on Monday,Benzinga reports. They currently have a $172.00 price objective on the stock.

Several other research analysts also recently commented on the stock. Piper Sandler lifted their price target on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Canaccord Genuity Group lifted their price target on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, DA Davidson lifted their price target on shares of Inter Parfums from $163.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.80.

Inter Parfums Trading Down 1.8 %

Shares of Inter Parfums stock opened at $124.92 on Monday. The firm has a market cap of $4.01 billion, a PE ratio of 26.81 and a beta of 1.18. Inter Parfums has a 1 year low of $108.39 and a 1 year high of $148.15. The company has a 50 day simple moving average of $135.80 and a two-hundred day simple moving average of $130.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $361.50 million for the quarter, compared to analysts’ expectations of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. Analysts expect that Inter Parfums will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.56%. This is an increase from Inter Parfums’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, March 14th. Inter Parfums’s payout ratio is presently 62.87%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after purchasing an additional 81 shares during the period. Coppell Advisory Solutions LLC raised its holdings in Inter Parfums by 210.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock worth $67,000 after purchasing an additional 347 shares in the last quarter. SRH Advisors LLC raised its holdings in Inter Parfums by 791.7% in the 4th quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after purchasing an additional 475 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new position in Inter Parfums in the 3rd quarter worth $104,000. Finally, Canada Pension Plan Investment Board raised its holdings in Inter Parfums by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock worth $105,000 after purchasing an additional 400 shares in the last quarter. 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.