Piper Sandler initiated coverage on Inter Parfums with a new price target
$IPAR
Package Goods/Cosmetics
Consumer Discretionary
Piper Sandler initiated coverage of Inter Parfums with a rating of Overweight and set a new price target of $102.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/12/2024 | $140.00 | Hold → Buy | Jefferies |
| 9/9/2022 | $102.00 | Overweight | Piper Sandler |
| 5/16/2022 | $99.00 | Neutral → Buy | Citigroup |
| 3/3/2022 | $104.00 → $99.00 | Neutral | Citigroup |
| 12/10/2021 | $129.00 → $131.00 | Buy | DA Davidson |
| 11/29/2021 | $120.00 → $125.00 | Buy | BWS Financial |
| 11/18/2021 | $100.00 → $104.00 | Neutral | Citigroup |
| 11/16/2021 | $113.00 → $129.00 | Buy | DA Davidson |
SC 13G/A - INTER PARFUMS INC (0000822663) (Subject)
SC 13G/A - INTER PARFUMS INC (0000822663) (Subject)
SC 13G/A - INTER PARFUMS INC (0000822663) (Subject)
Achieves Best Quarterly Sales Performance in Company History; Reaffirms FY2024 Guidance2024 Third Quarter Conference Call Scheduled for November 7, 2024 NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) ("Interparfums" or the "Company") today announced that for the three months ended September 30, 2024, net sales rose to a record $425 million, up 15% from $368 million in the third quarter of 2023. Net Sales ($ in millions) Data may not foot due to rounding Three Months EndedNine Months EndedSeptember 30,September 30, 2024 2023 % Change 2024 2023 % Change Total Interparfums, Inc.$425 $368 15%$1,091 $989 10%European based net sales$282 $233 21%$739 $66
NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the second quarter and six months ended June 30, 2024. Financial Highlights:($ in millions, except per share amounts)Three Months EndedJune 30,Six Months EndedJune 30,20242023% Change20242023% ChangeNet Sales$342$30911%$666$6217%Gross Margin64.5%60.9%+360 bps63.5%63.0%+50 bpsOperating Income$65$5518%$133$145(9%)Operating Margin18.9%17.8%+110 bps19.9%23.4%(350 bps)Net Income attributable to IP$37$35+5%$78$89(13%)Diluted EPS$1.14$1.09+5%$2.41$2.77(13%)At comparable foreign currency exchange rates, net sales increased 11% from the second quarter of 2023. The average dollar/euro exchang
NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Inter Parfums, Inc. (NASDAQ GS: IPAR) ("Inter Parfums" or the "Company") today announced that for the three months ended June 30, 2024, net sales rose to $342 million, up 11% from $309 million, in the second quarter of 2023. Net Sales($ in millions)Three Months EndedSix Months EndedJune 30,June 30,20242023% Change20242023% ChangeTotal Inter Parfums, Inc. $342$30911%$666$6217% European based net sales $226$19814%$457$4287% United States based net sales $120$1118%$216$19312%Eliminations of intercompany sales ($4)-n/a($7)-n/a- The average dollar/euro exchange rate for the 2024 second quarter was 1.08 compared to 1.09 in the 2023 second quarter
Jefferies upgraded Inter Parfums from Hold to Buy and set a new price target of $140.00
Piper Sandler initiated coverage of Inter Parfums with a rating of Overweight and set a new price target of $102.00
Citigroup upgraded Inter Parfums from Neutral to Buy and set a new price target of $99.00
U.S. stocks were mixed, with the Dow Jones index falling around 50 points on Tuesday. Shares of Danaher Corporation (NYSE:DHR) rose sharply during Tuesday's session after the company reported better-than-expected second quarter earnings. Danaher's second quarter sales decreased 3% year-over-year to $5.743 billion, beating the consensus of $5.59 billion. Danaher reported second-quarter adjusted EPS of $1.72, beating the consensus of $1.57, according to data from Benzinga Pro. Danaher shares gained 7.4% to $269.35 on Tuesday. Here are some other big stocks recording gains in today’s session. Kiniksa Pharmaceuticals International, plc (NASDAQ:KNSA) shares jumped 16% to $24.81 af
Piper Sandler analyst Korinne Wolfmeyer reiterates Inter Parfums (NASDAQ:IPAR) with a Overweight and raises the price target from $150 to $151.
4 - INTER PARFUMS INC (0000822663) (Issuer)
4 - INTER PARFUMS INC (0000822663) (Issuer)
4 - INTER PARFUMS INC (0000822663) (Issuer)
8-K - INTERPARFUMS INC (0000822663) (Filer)
10-Q - INTER PARFUMS INC (0000822663) (Filer)
8-K - INTER PARFUMS INC (0000822663) (Filer)
Achieves Best Quarterly Sales Performance in Company History; Reaffirms FY2024 Guidance2024 Third Quarter Conference Call Scheduled for November 7, 2024 NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) ("Interparfums" or the "Company") today announced that for the three months ended September 30, 2024, net sales rose to a record $425 million, up 15% from $368 million in the third quarter of 2023. Net Sales ($ in millions) Data may not foot due to rounding Three Months EndedNine Months EndedSeptember 30,September 30, 2024 2023 % Change 2024 2023 % Change Total Interparfums, Inc.$425 $368 15%$1,091 $989 10%European based net sales$282 $233 21%$739 $66
NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the second quarter and six months ended June 30, 2024. Financial Highlights:($ in millions, except per share amounts)Three Months EndedJune 30,Six Months EndedJune 30,20242023% Change20242023% ChangeNet Sales$342$30911%$666$6217%Gross Margin64.5%60.9%+360 bps63.5%63.0%+50 bpsOperating Income$65$5518%$133$145(9%)Operating Margin18.9%17.8%+110 bps19.9%23.4%(350 bps)Net Income attributable to IP$37$35+5%$78$89(13%)Diluted EPS$1.14$1.09+5%$2.41$2.77(13%)At comparable foreign currency exchange rates, net sales increased 11% from the second quarter of 2023. The average dollar/euro exchang
NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Inter Parfums, Inc. (NASDAQ GS: IPAR) ("Inter Parfums" or the "Company") today announced that for the three months ended June 30, 2024, net sales rose to $342 million, up 11% from $309 million, in the second quarter of 2023. Net Sales($ in millions)Three Months EndedSix Months EndedJune 30,June 30,20242023% Change20242023% ChangeTotal Inter Parfums, Inc. $342$30911%$666$6217% European based net sales $226$19814%$457$4287% United States based net sales $120$1118%$216$19312%Eliminations of intercompany sales ($4)-n/a($7)-n/a- The average dollar/euro exchange rate for the 2024 second quarter was 1.08 compared to 1.09 in the 2023 second quarter
Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that Russell Greenberg, Executive Vice President and Chief Financial Officer, will retire on September 6, 2022, and will be succeeded by Michel Atwood, a seasoned fragrance and finance executive, as Chief Financial Officer. Mr. Greenberg will stay with the company full time until September 30, 2022 to assist with the transition. Jean Madar, Chairman and Chief Executive Officer, commented, "Russ has played an integral role in the growth and evolution of our company for 30 years. He has been by my side for all the significant initiatives we have undertaken, through the best of times and the most challenging. He has earned, and well deserv