Inter Parfums (NASDAQ:IPAR – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at DA Davidson in a report issued on Thursday, Benzinga reports. They presently have a $192.00 target price on the stock. DA Davidson’s price objective would suggest a potential upside of 62.05% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a report on Wednesday, April 17th. Piper Sandler decreased their price target on shares of Inter Parfums from $176.00 to $172.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th.
Check Out Our Latest Stock Analysis on Inter Parfums
Inter Parfums Stock Down 3.9 %
Inter Parfums (NASDAQ:IPAR – Get Free Report) last issued its earnings results on Tuesday, May 7th. The company reported $1.27 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $324.00 million. During the same quarter in the prior year, the business earned $1.68 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Inter Parfums will post 5.15 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Inter Parfums
Several large investors have recently bought and sold shares of IPAR. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Inter Parfums in the 4th quarter worth approximately $27,000. Principal Securities Inc. purchased a new position in Inter Parfums in the fourth quarter worth $30,000. Whittier Trust Co. bought a new position in Inter Parfums in the 1st quarter valued at $31,000. Signaturefd LLC increased 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 valued at $32,000 after purchasing an additional 104 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Inter Parfums during the 4th quarter valued at $33,000. 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.
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