Interparfums, Inc. (NASDAQ:IPAR) Receives Consensus Recommendation of “Buy” from Analysts

Interparfums, Inc. (NASDAQ:IPAR) has received an average rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $162.00.

Several brokerages recently commented on IPAR. Canaccord Genuity Group reissued a “buy” rating and issued a $168.00 price objective on shares of Interparfums in a report on Tuesday. BWS Financial reissued a “buy” rating and issued a $172.00 price objective on shares of Interparfums in a report on Wednesday. Sanford C. Bernstein raised shares of Interparfums to a “strong-buy” rating in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interparfums in a report on Wednesday, October 8th.

Interparfums Stock Performance

Shares of IPAR opened at $99.02 on Thursday. The firm has a 50-day moving average of $104.84 and a 200-day moving average of $117.46. Interparfums has a one year low of $91.06 and a one year high of $148.15. The company has a market cap of $3.18 billion, a PE ratio of 19.84 and a beta of 1.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69.

Interparfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.11). The company had revenue of $333.94 million for the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 EPS. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, equities analysts forecast that Interparfums will post 5.14 earnings per share for the current year.

Hedge Funds Weigh In On Interparfums

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of Interparfums by 29.4% during the first quarter. CWM LLC now owns 418 shares of the company’s stock worth $48,000 after purchasing an additional 95 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Interparfums by 5.7% during the first quarter. PNC Financial Services Group Inc. now owns 1,823 shares of the company’s stock worth $208,000 after purchasing an additional 98 shares during the period. Osaic Holdings Inc. lifted its holdings in Interparfums by 1.6% in the second quarter. Osaic Holdings Inc. now owns 6,583 shares of the company’s stock valued at $865,000 after buying an additional 106 shares during the period. Creative Planning lifted its holdings in Interparfums by 2.3% in the second quarter. Creative Planning now owns 5,667 shares of the company’s stock valued at $744,000 after buying an additional 125 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in Interparfums by 0.8% in the second quarter. California State Teachers Retirement System now owns 17,704 shares of the company’s stock valued at $2,325,000 after buying an additional 132 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

About Interparfums

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.