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

Investment analysts at Canaccord Genuity Group began coverage on shares of Inter Parfums (NASDAQ:IPAR) in a report released on Thursday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $158.00 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 18.86% from the company’s current price.

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

Inter Parfums Stock Up 1.3 %

IPAR stock opened at $132.93 on Thursday. The stock has a fifty day moving average of $132.29 and a 200-day moving average of $127.12. Inter Parfums has a fifty-two week low of $108.39 and a fifty-two week high of $156.75. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 28.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $425.00 million. During the same quarter last year, the business earned $1.66 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities research analysts predict that Inter Parfums will post 5.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 43.90% of the company’s stock.

Institutional Trading of Inter Parfums

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after acquiring an additional 81 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Inter Parfums by 83.4% during the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after purchasing an additional 296 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in shares of Inter Parfums during the 3rd quarter valued at $104,000. Crossmark Global Holdings Inc. purchased a new position in Inter Parfums in the 3rd quarter worth $209,000. Finally, Choreo LLC bought a new stake in Inter Parfums in the second quarter worth $213,000. Institutional investors own 55.57% of the company’s stock.

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.