Inter Parfums' (IPAR) "Buy" Rating Reiterated at BWS Financial

Inter Parfums (NASDAQ:IPAR - Get Free Report)'s stock had its "buy" rating reissued by analysts at BWS Financial in a note issued to investors on Wednesday, Benzinga reports. They presently have a $172.00 price target on the stock. BWS Financial's price target points to a potential upside of 39.11% from the company's current price.

Separately, Piper Sandler boosted their price target on Inter Parfums from $175.00 to $176.00 and gave the company an "overweight" rating in a research note on Wednesday, January 24th.

Inter Parfums Price Performance

IPAR stock traded down $1.45 during midday trading on Wednesday, reaching $123.64. The company had a trading volume of 89,571 shares, compared to its average volume of 137,919. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 26.03 and a beta of 1.13. The stock has a 50 day moving average price of $140.07 and a 200-day moving average price of $135.65. Inter Parfums has a 1-year low of $120.71 and a 1-year high of $161.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.44.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). The company had revenue of $328.74 million during the quarter, compared to analyst estimates of $329.00 million. Inter Parfums had a net margin of 11.59% and a return on equity of 17.62%. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. Equities research analysts expect that Inter Parfums will post 5.16 earnings per share for the current year.

Insiders Place Their Bets

In other Inter Parfums news, Director Gilbert Harrison sold 250 shares of the firm's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $150.42, for a total value of $37,605.00. Following the sale, the director now owns 1,000 shares of the company's stock, valued at approximately $150,420. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 43.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Inter Parfums

Large investors have recently made changes to their positions in the business. Morgan Stanley raised its stake in Inter Parfums by 431.0% during the fourth quarter. Morgan Stanley now owns 1,018,907 shares of the company's stock valued at $98,345,000 after buying an additional 827,032 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Inter Parfums in the first quarter worth about $19,936,000. Norges Bank bought a new position in Inter Parfums during the fourth quarter valued at approximately $32,493,000. Invesco Ltd. boosted its stake in Inter Parfums by 94.4% during the third quarter. Invesco Ltd. now owns 276,433 shares of the company's stock valued at $37,136,000 after buying an additional 134,243 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in Inter Parfums during the fourth quarter valued at approximately $16,226,000. 55.57% of the stock is currently owned by 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.