Interparfums, Inc. (NASDAQ:IPAR) Receives $121.00 Consensus PT from Analysts

Shares of Interparfums, Inc. (NASDAQ:IPAR) have earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $121.00.

A number of analysts have issued reports on the company. BWS Financial lowered Interparfums from a “buy” rating to a “neutral” rating and set a $85.00 target price on the stock. in a report on Friday, November 21st. Jefferies Financial Group lowered their price objective on shares of Interparfums from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interparfums in a research report on Wednesday, October 8th. UBS Group set a $103.00 price target on shares of Interparfums in a report on Friday, November 21st. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $123.00 price target on shares of Interparfums in a research report on Wednesday, November 19th.

Interparfums Stock Performance

Shares of IPAR opened at $84.20 on Friday. The company has a market capitalization of $2.70 billion, a PE ratio of 16.48 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.27 and a quick ratio of 1.99. Interparfums has a one year low of $77.21 and a one year high of $148.15. The company’s fifty day moving average price is $88.37 and its 200 day moving average price is $109.96.

Interparfums (NASDAQ:IPAR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.16. The company had revenue of $429.58 million for the quarter, compared to the consensus estimate of $431.78 million. Interparfums had a return on equity of 16.31% and a net margin of 11.24%.The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $1.93 earnings per share. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. As a group, analysts expect that Interparfums will post 5.14 earnings per share for the current year.

Hedge Funds Weigh In On Interparfums

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in shares of Interparfums in the 3rd quarter worth approximately $34,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Interparfums in the third quarter valued at $35,000. First Horizon Advisors Inc. raised its stake in shares of Interparfums by 71.2% in the second quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock valued at $49,000 after purchasing an additional 156 shares in the last quarter. Advisory Services Network LLC bought a new position in Interparfums in the third quarter worth $40,000. Finally, Quarry LP boosted its stake in Interparfums by 1,180.5% during the third quarter. Quarry LP now owns 525 shares of the company’s stock worth $52,000 after buying an additional 484 shares in the last quarter. 55.57% of the stock is currently 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.