Inter Parfums (NASDAQ:IPAR) Given New $170.00 Price Target at DA Davidson

Inter Parfums (NASDAQ:IPAR) had its price target upped by DA Davidson from $163.00 to $170.00 in a report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock. DA Davidson also issued estimates for Inter Parfums’ Q1 2025 earnings at $1.30 EPS, Q1 2025 earnings at $1.14 EPS, FY2026 earnings at $5.81 EPS and FY2026 earnings at $5.85 EPS.

Other research analysts have also issued reports about the stock. Piper Sandler boosted their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Canaccord Genuity Group assumed coverage on Inter Parfums in a research report on Thursday, January 16th. They set a “buy” rating and a $158.00 price target on the stock. Finally, BWS Financial reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.80.

Inter Parfums Stock Performance

IPAR opened at $140.29 on Thursday. The business’s 50-day simple moving average is $135.47 and its 200 day simple moving average is $129.52. Inter Parfums has a 52-week low of $108.39 and a 52-week high of $152.33. 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 firm has a market capitalization of $4.49 billion, a PE ratio of 30.11 and a beta of 1.20.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $361.50 million for the quarter, compared to the consensus estimate of $361.56 million. As a group, sell-side analysts expect that Inter Parfums will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.80 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.28%. Inter Parfums’s payout ratio is presently 58.94%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. WCM Investment Management LLC increased its stake in shares of Inter Parfums by 2.9% in the 3rd quarter. WCM Investment Management LLC now owns 193,660 shares of the company’s stock valued at $24,835,000 after purchasing an additional 5,482 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Inter Parfums by 1.2% during the third quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock worth $56,481,000 after buying an additional 5,056 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Inter Parfums by 50.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 23,034 shares of the company’s stock worth $2,982,000 after purchasing an additional 7,771 shares in the last quarter. US Bancorp DE raised its position in shares of Inter Parfums by 12.2% in the 3rd quarter. US Bancorp DE now owns 6,872 shares of the company’s stock worth $890,000 after acquiring an additional 746 shares in the last quarter. Finally, Black Swift Group LLC acquired a new position in shares of Inter Parfums in the 3rd quarter valued at about $647,000. 55.57% of the stock is owned by institutional investors.

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.