Inter Parfums (NASDAQ:IPAR) Shares Gap Up to $127.00

Inter Parfums, Inc. (NASDAQ:IPAR) shares gapped up before the market opened on Tuesday . The stock had previously closed at $127.00, but opened at $144.45. Inter Parfums shares last traded at $134.73, with a volume of 93,902 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IPAR. BWS Financial restated a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research report on Thursday, May 9th. Piper Sandler restated an “overweight” rating and set a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a research report on Tuesday. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Saturday, June 8th. Jefferies Financial Group upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Friday, July 12th. Finally, DA Davidson reiterated a “buy” rating and set a $192.00 target price on shares of Inter Parfums in a research report on Monday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.75.

Inter Parfums Price Performance

The business’s 50-day moving average price is $118.48 and its 200 day moving average price is $130.02. 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 has a market capitalization of $4.33 billion, a P/E ratio of 31.87 and a beta of 1.18.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.29). Inter Parfums had a net margin of 10.50% and a return on equity of 15.85%. The firm had revenue of $323.96 million during the quarter, compared to the consensus estimate of $324.00 million. During the same quarter last year, the business posted $1.68 earnings per share. Inter Parfums’s revenue was up 3.9% compared to the same quarter last year. Analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Inter Parfums

Institutional investors and hedge funds have recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. purchased a new stake in Inter Parfums in the fourth quarter valued at approximately $27,000. Principal Securities Inc. purchased a new position in shares of Inter Parfums during the fourth quarter worth approximately $30,000. Whittier Trust Co. purchased a new position in shares of Inter Parfums during the first quarter worth approximately $31,000. Signaturefd LLC raised its stake in shares of Inter Parfums by 87.4% during the fourth quarter. Signaturefd LLC now owns 223 shares of the company’s stock worth $32,000 after acquiring an additional 104 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Inter Parfums during the fourth quarter worth approximately $33,000. 55.57% of the stock is owned by hedge funds and other 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.