Inter Parfums (NASDAQ:IPAR) Now Covered by Canaccord Genuity Group

by · The Cerbat Gem

Canaccord Genuity Group started coverage on shares of Inter Parfums (NASDAQ:IPAR – Free Report) in a report released on Thursday, MarketBeat.com reports. The brokerage issued a buy rating and a $158.00 price target on the stock.

A number of other equities research analysts also recently commented on the company. Piper Sandler raised their target price on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. BWS Financial reissued a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a report on Monday, November 11th. Finally, DA Davidson reiterated a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $159.40.

Check Out Our Latest Research Report on Inter Parfums

Inter Parfums Stock Up 3.7 %

IPAR stock opened at $137.85 on Thursday. 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 quick ratio of 1.60 and a current ratio of 2.82. The company has a fifty day moving average of $132.52 and a 200-day moving average of $127.19. The stock has a market capitalization of $4.42 billion, a PE ratio of 29.58 and a beta of 1.20.

Inter Parfums (NASDAQ:IPAR – Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The company had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 EPS. As a group, analysts expect that Inter Parfums will post 5.15 EPS for the current year.

Insider Buying and Selling

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 43.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of Inter Parfums by 55.9% in the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after purchasing an additional 81 shares during the period. Commonwealth Equity Services LLC grew its holdings in Inter Parfums by 2.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company’s stock valued at $390,000 after buying an additional 92 shares during the period. Inspire Investing LLC increased its stake in shares of Inter Parfums by 3.9% during the 3rd quarter. Inspire Investing LLC now owns 3,208 shares of the company’s stock valued at $415,000 after acquiring an additional 120 shares during the last quarter. KBC Group NV lifted its holdings in shares of Inter Parfums by 3.0% during the 3rd quarter. KBC Group NV now owns 4,313 shares of the company’s stock worth $558,000 after acquiring an additional 126 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Inter Parfums by 2.5% in the second quarter. Bank of Montreal Can now owns 5,924 shares of the company’s stock worth $708,000 after acquiring an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

About Inter Parfums

(Get Free Report)

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.

See Also