Inter Parfums (NASDAQ:IPAR) Earns Buy Rating from DA Davidson

DA Davidson restated their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a research note released on Wednesday morning, Benzinga reports. The firm currently has a $192.00 price target on the stock. DA Davidson also issued estimates for Inter Parfums’ Q3 2024 earnings at $1.80 EPS and FY2025 earnings at $5.43 EPS.

Other analysts have also recently issued research reports about the stock. Piper Sandler reissued an overweight rating and issued a $151.00 price objective (up previously from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. BWS Financial reissued a buy rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Thursday, May 9th. StockNews.com raised shares of Inter Parfums from a sell rating to a hold rating in a research note on Wednesday. Finally, Jefferies Financial Group raised shares of Inter Parfums from a hold rating to a buy rating and set a $140.00 price target on the stock in a research report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $163.75.

Inter Parfums Price Performance

Shares of NASDAQ:IPAR traded down $3.26 during trading on Wednesday, hitting $130.96. 85,411 shares of the company were exchanged, compared to its average volume of 146,227. The business’s 50 day moving average is $122.55 and its 200-day moving average is $129.83. The company has a market capitalization of $4.19 billion, a P/E ratio of 30.18 and a beta of 1.18. The company has a quick ratio of 1.43, a current ratio of 2.75 and a debt-to-equity ratio of 0.13. Inter Parfums has a 1-year low of $108.39 and a 1-year high of $156.75.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.09. Inter Parfums had a net margin of 10.50% and a return on equity of 15.85%. The company had revenue of $342.00 million for the quarter, compared to analysts’ expectations of $342.00 million. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Inter Parfums’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts forecast that Inter Parfums will post 5.15 earnings per share for the current year.

Inter Parfums Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 2.29%. Inter Parfums’s dividend payout ratio (DPR) is currently 69.12%.

Institutional Trading of Inter Parfums

Institutional investors have recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in Inter Parfums during the fourth quarter valued at $30,000. Whittier Trust Co. bought a new position in shares of Inter Parfums during the 1st quarter worth about $31,000. Signaturefd LLC boosted its position in shares of Inter Parfums by 87.4% during the 4th quarter. Signaturefd LLC now owns 223 shares of the company’s stock worth $32,000 after purchasing an additional 104 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of Inter Parfums during the 4th quarter worth about $33,000. Finally, CWM LLC boosted its position in shares of Inter Parfums by 44.4% during the 2nd quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.

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.