Interparfums (NASDAQ:IPAR) Stock Rating Upgraded by Sanford C. Bernstein

Interparfums (NASDAQ:IPAR) was upgraded by research analysts at Sanford C. Bernstein to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $168.00 price objective on shares of Interparfums in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Interparfums in a research report on Wednesday, October 8th. Finally, BWS Financial reaffirmed a “buy” rating and set a $172.00 price objective on shares of Interparfums in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $162.00.

Interparfums Stock Down 0.2%

IPAR stock opened at $99.02 on Tuesday. 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 has a 52-week low of $91.06 and a 52-week high of $148.15. The company has a 50-day moving average of $104.84 and a two-hundred day moving average of $117.46. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 19.84 and a beta of 1.35.

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

Hedge Funds Weigh In On Interparfums

Several institutional investors and hedge funds have recently made changes to their positions in the company. Eukles Asset Management acquired a new stake in Interparfums in the 1st quarter valued at approximately $30,000. Exchange Traded Concepts LLC acquired a new position in shares of Interparfums during the 3rd quarter worth about $34,000. CWM LLC boosted its stake in shares of Interparfums by 29.4% during the 1st quarter. CWM LLC now owns 418 shares of the company’s stock worth $48,000 after buying an additional 95 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Interparfums by 71.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock worth $49,000 after buying an additional 156 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Interparfums by 52.0% during the 1st quarter. Blue Trust Inc. now owns 506 shares of the company’s stock worth $58,000 after buying an additional 173 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Interparfums Company Profile

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.