Inter Parfums, Inc. (NASDAQ:IPAR – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 549,800 shares, a growth of 16.6% from the June 15th total of 471,500 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average daily volume of 144,300 shares, the days-to-cover ratio is currently 3.8 days.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Friday, July 12th. DA Davidson restated a “buy” rating and set a $192.00 price objective on shares of Inter Parfums in a research report on Thursday, May 9th. Piper Sandler lowered their target price on Inter Parfums from $151.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. BWS Financial reissued a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a report on Thursday, May 9th. Finally, StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a report on Saturday, June 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $163.50.
Read Our Latest Stock Report on IPAR
Institutional Investors Weigh In On Inter Parfums
Inter Parfums Price Performance
Shares of NASDAQ:IPAR traded down $0.04 during trading on Wednesday, reaching $127.04. 41,996 shares of the company traded hands, compared to its average volume of 144,486. The firm has a market capitalization of $4.07 billion, a PE ratio of 29.28 and a beta of 1.18. Inter Parfums has a 52 week low of $108.39 and a 52 week high of $156.75. The company has a quick ratio of 1.43, a current ratio of 2.75 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $118.09 and its two-hundred day moving average is $130.41.
Inter Parfums (NASDAQ:IPAR – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.29). The firm had revenue of $323.96 million for the quarter, compared to the consensus estimate of $324.00 million. Inter Parfums had a return on equity of 15.85% and a net margin of 10.50%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 EPS. As a group, sell-side analysts predict that Inter Parfums will post 5.15 earnings per share for the current year.
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.
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