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

Interparfums, Inc. (NASDAQ:IPAR) has been assigned an average rating of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $162.00.

IPAR has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Interparfums in a research report on Wednesday, October 8th. Canaccord Genuity Group reissued a “buy” rating and set a $168.00 price objective on shares of Interparfums in a research report on Tuesday. BWS Financial reissued a “buy” rating and set a $172.00 price objective on shares of Interparfums in a research report on Wednesday. Finally, Sanford C. Bernstein raised shares of Interparfums to a “strong-buy” rating in a research report on Tuesday.

Interparfums Price Performance

IPAR stock opened at $99.02 on Thursday. Interparfums has a 12-month low of $91.06 and a 12-month high of $148.15. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 19.84 and a beta of 1.35. The company’s fifty day simple moving average is $104.84 and its 200 day simple moving average is $117.46.

Interparfums (NASDAQ:IPAR) last released its quarterly earnings data 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 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%.Interparfums’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. On average, analysts expect that Interparfums will post 5.14 earnings per share for the current year.

Institutional Investors Weigh In On Interparfums

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Interparfums by 3.3% during the first quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company’s stock worth $241,194,000 after acquiring an additional 67,533 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Interparfums by 0.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,133,046 shares of the company’s stock worth $129,020,000 after purchasing an additional 8,318 shares in the last quarter. Westwood Holdings Group Inc. grew its position in Interparfums by 66.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company’s stock worth $101,843,000 after purchasing an additional 310,712 shares in the last quarter. Victory Capital Management Inc. grew its position in Interparfums by 26.9% in the 1st quarter. Victory Capital Management Inc. now owns 715,004 shares of the company’s stock worth $81,418,000 after purchasing an additional 151,358 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Interparfums by 2.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 714,891 shares of the company’s stock valued at $93,872,000 after acquiring an additional 15,453 shares during the last quarter. 55.57% of the stock is owned by institutional investors.

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.