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

Interparfums, Inc. (NASDAQ:IPAR) has received a consensus recommendation of “Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $145.60.

A number of equities analysts recently commented on IPAR shares. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Interparfums in a research report on Wednesday, October 22nd. Canaccord Genuity Group reduced their price objective on Interparfums from $168.00 to $123.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interparfums in a report on Wednesday, October 8th. Jefferies Financial Group dropped their target price on Interparfums from $150.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, October 28th. Finally, Sanford C. Bernstein upgraded Interparfums to a “strong-buy” rating in a research report on Tuesday, October 21st.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IPAR. Charles Schwab Investment Management Inc. boosted its position in Interparfums by 251.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock valued at $79,645,000 after buying an additional 500,378 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Interparfums by 66.8% during the second quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company’s stock valued at $101,843,000 after acquiring an additional 310,712 shares during the last quarter. London Co. of Virginia purchased a new stake in shares of Interparfums during the second quarter worth about $27,647,000. Squarepoint Ops LLC grew its stake in shares of Interparfums by 249.3% in the second quarter. Squarepoint Ops LLC now owns 225,907 shares of the company’s stock worth $29,664,000 after purchasing an additional 161,239 shares during the last quarter. Finally, Man Group plc increased its holdings in Interparfums by 572.8% during the 2nd quarter. Man Group plc now owns 187,058 shares of the company’s stock valued at $24,563,000 after purchasing an additional 159,254 shares during the period. 55.57% of the stock is owned by hedge funds and other institutional investors.

Interparfums Price Performance

IPAR opened at $87.43 on Monday. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $2.80 billion, a P/E ratio of 17.52 and a beta of 1.39. The stock has a 50-day moving average price of $96.85 and a 200-day moving average price of $115.91. Interparfums has a 12-month low of $86.09 and a 12-month high of $148.15.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.16. The company had revenue of $429.58 million for the quarter, compared to analysts’ expectations of $431.78 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%.Interparfums’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.93 EPS. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. Equities analysts predict that Interparfums will post 5.14 earnings per share for the current fiscal year.

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.