DA Davidson Issues Positive Forecast for Inter Parfums (NASDAQ:IPAR) Stock Price

Inter Parfums (NASDAQ:IPAR) had its price target boosted by DA Davidson from $163.00 to $170.00 in a research report sent to investors 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.

A number of other equities analysts have also recently issued reports on the company. Piper Sandler raised their target price on Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a report on Monday, January 27th. Finally, Canaccord Genuity Group started coverage on shares of Inter Parfums in a report on Thursday, January 16th. They issued a “buy” rating and a $158.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.80.

Inter Parfums Stock Down 2.9 %

Shares of NASDAQ:IPAR opened at $140.29 on Thursday. The company has a 50 day moving average of $135.47 and a 200-day moving average of $129.52. Inter Parfums has a one year low of $108.39 and a one year high of $152.33. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 30.11 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60.

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

Inter Parfums Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.80 per share. This is an increase from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Friday, March 14th. Inter Parfums’s dividend payout ratio (DPR) is 58.94%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Inter Parfums by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company’s stock worth $269,677,000 after acquiring an additional 20,721 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Inter Parfums by 10.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company’s stock valued at $147,913,000 after purchasing an additional 108,321 shares during the period. State Street Corp lifted its holdings in shares of Inter Parfums by 0.3% in the third quarter. State Street Corp now owns 676,253 shares of the company’s stock valued at $87,561,000 after purchasing an additional 2,255 shares in the last quarter. Royce & Associates LP boosted its position in shares of Inter Parfums by 0.7% during the third quarter. Royce & Associates LP now owns 595,175 shares of the company’s stock worth $77,063,000 after buying an additional 4,345 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Inter Parfums by 55.0% during the fourth quarter. Victory Capital Management Inc. now owns 563,646 shares of the company’s stock worth $74,125,000 after buying an additional 200,079 shares in the last quarter. Institutional investors and hedge funds 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.