DA Davidson Reaffirms Buy Rating for Inter Parfums (NASDAQ:IPAR)

DA Davidson reissued their buy rating on shares of Inter Parfums (NASDAQ:IPAR) in a research note released on Tuesday,Benzinga reports. The firm currently has a $163.00 price objective on the stock. DA Davidson also issued estimates for Inter Parfums’ Q4 2024 earnings at $0.81 EPS, FY2025 earnings at $5.35 EPS and FY2025 earnings at $5.39 EPS.

A number of other equities research analysts also recently weighed in on IPAR. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. 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 report on Tuesday, July 23rd. Finally, BWS Financial reaffirmed a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a report on Monday, November 11th. One 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, Inter Parfums has a consensus rating of “Moderate Buy” and a consensus target price of $157.50.

Inter Parfums Price Performance

NASDAQ:IPAR opened at $124.65 on Tuesday. The company has a market cap of $3.99 billion, a P/E ratio of 26.75 and a beta of 1.16. The firm’s fifty day moving average price is $122.71 and its two-hundred day moving average price is $122.57. Inter Parfums has a one year low of $108.39 and a one year high of $156.75. 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 issued 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 net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. During the same period last year, the business posted $1.66 earnings per share. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. Equities analysts expect that Inter Parfums will post 5.15 earnings per share for the current year.

Inter Parfums Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Monday, December 16th. Inter Parfums’s payout ratio is presently 64.38%.

Insider Activity

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 43.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IPAR. Victory Capital Management Inc. increased its holdings in Inter Parfums by 5,393.6% in the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock worth $47,075,000 after purchasing an additional 356,949 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Inter Parfums by 50.1% in the second quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock valued at $36,846,000 after buying an additional 106,044 shares during the period. Wellington Management Group LLP raised its holdings in Inter Parfums by 44.2% in the 3rd quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock valued at $41,934,000 after buying an additional 99,316 shares during the last quarter. F M Investments LLC acquired a new stake in Inter Parfums during the 2nd quarter worth approximately $9,328,000. Finally, Burney Co. bought a new stake in Inter Parfums during the 1st quarter worth approximately $5,327,000. 55.57% of the stock is currently owned by institutional investors.

About Inter Parfums

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.