News

Fintel reports that on July 12, 2024, Jefferies upgraded their outlook for Inter Parfums (NasdaqGS:IPAR) from Hold to Buy.

Analyst Price Forecast Suggests 30.50% Upside

As of July 4, 2024, the average one-year price target for Inter Parfums is $168.91/share. The forecasts range from a low of $141.40 to a high of $201.60. The average price target represents an increase of 30.50% from its latest reported closing price of $129.43 / share.

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The projected annual revenue for Inter Parfums is 1,250MM, a decrease of 6.01%. The projected annual non-GAAP EPS is 4.25.

What is the Fund Sentiment?

There are 593 funds or institutions reporting positions in Inter Parfums. This is an decrease of 8 owner(s) or 1.33% in the last quarter. Average portfolio weight of all funds dedicated to IPAR is 0.20%, an increase of 3.44%. Total shares owned by institutions increased in the last three months by 0.46% to 20,898K shares.

The put/call ratio of IPAR is 0.28, indicating a bullish outlook.

What are Other Shareholders Doing?

IJR - iShares Core S&P Small-Cap ETF holds 1,214K shares representing 3.79% ownership of the company. In its prior filing, the firm reported owning 1,198K shares , representing an increase of 1.30%. The firm decreased its portfolio allocation in IPAR by 5.32% over the last quarter.

Copeland Capital Management holds 619K shares representing 1.93% ownership of the company. In its prior filing, the firm reported owning 607K shares , representing an increase of 1.93%. The firm decreased its portfolio allocation in IPAR by 62.33% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 556K shares representing 1.74% ownership of the company. In its prior filing, the firm reported owning 554K shares , representing an increase of 0.32%. The firm decreased its portfolio allocation in IPAR by 10.77% over the last quarter.

Royce & Associates holds 489K shares representing 1.53% ownership of the company. In its prior filing, the firm reported owning 493K shares , representing a decrease of 0.71%. The firm decreased its portfolio allocation in IPAR by 6.38% over the last quarter.

Northern Trust holds 458K shares representing 1.43% ownership of the company. In its prior filing, the firm reported owning 468K shares , representing a decrease of 2.18%. The firm decreased its portfolio allocation in IPAR by 67.90% over the last quarter.

Inter Parfums Background Information
(This description is provided by the company.)

Founded in 1982, Inter Parfums, Inc. develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Dunhill, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Lily Aldridge, Kate Spade, Montblanc, Oscar de la Renta, Paul Smith, Repetto, S.T. Dupont and Van Cleef & Arpels. Inter Parfums is also the owner of Lanvin fragrances and the Rochas brand. Through its global distribution network, the Company’s products are sold in over 100 countries.

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