Inter Parfums (NASDAQ:IPAR) Receives "Buy" Rating from BWS Financial

BWS Financial restated their buy rating on shares of Inter Parfums (NASDAQ:IPAR - Free Report) in a research note published on Thursday morning, Benzinga reports. BWS Financial currently has a $172.00 target price on the stock.

A number of other brokerages have also issued reports on IPAR. Piper Sandler dropped their price target on shares of Inter Parfums from $176.00 to $172.00 and set an overweight rating on the stock in a research note on Thursday, April 25th. DA Davidson reissued a buy rating and issued a $192.00 price target on shares of Inter Parfums in a research note on Thursday.

Inter Parfums Stock Up 1.2 %

IPAR stock traded up $1.43 during midday trading on Thursday, hitting $122.02. The company's stock had a trading volume of 133,793 shares, compared to its average volume of 144,905. Inter Parfums has a 52-week low of $114.71 and a 52-week high of $156.75. The firm has a market capitalization of $3.91 billion, a P/E ratio of 25.39 and a beta of 1.19. The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.14. The firm has a 50-day simple moving average of $130.85 and a 200-day simple moving average of $134.85.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $1.27 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.29). Inter Parfums had a net margin of 11.59% and a return on equity of 17.62%. The firm had revenue of $323.96 million during the quarter, compared to analysts' expectations of $324.00 million. During the same quarter in the prior year, the firm posted $1.68 EPS. Inter Parfums's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts forecast that Inter Parfums will post 5.15 EPS for the current year.

Inter Parfums Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.46%. Inter Parfums's dividend payout ratio (DPR) is presently 63.16%.

Institutional Trading of Inter Parfums

A number of institutional investors and hedge funds have recently modified their holdings of IPAR. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Inter Parfums in the fourth quarter valued at about $27,000. Principal Securities Inc. acquired a new position in shares of Inter Parfums during the fourth quarter worth approximately $30,000. Whittier Trust Co. bought a new stake in shares of Inter Parfums in the first quarter valued at approximately $31,000. Signaturefd LLC grew its stake in shares of Inter Parfums by 87.4% in the fourth quarter. Signaturefd LLC now owns 223 shares of the company's stock worth $32,000 after acquiring an additional 104 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Inter Parfums during the 4th quarter valued at $33,000. 55.57% of the stock is owned by institutional investors and hedge funds.

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.