Interparfums (NASDAQ:IPAR) Shares Break Above Two Hundred Day Moving Average – Here’s Why

Interparfums, Inc. (NASDAQ:IPAR) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $106.78 and traded as high as $117.85. Interparfums shares last traded at $115.11, with a volume of 441,922 shares trading hands.

Wall Street Analysts Forecast Growth

IPAR has been the topic of several research reports. The Goldman Sachs Group lowered Interparfums from a “buy” rating to a “neutral” rating and increased their target price for the stock from $110.00 to $129.00 in a research note on Monday, August 10th. Berenberg Bank downgraded Interparfums from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a research report on Friday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interparfums in a research note on Friday, October 2nd. TD Cowen cut shares of Interparfums from a “buy” rating to a “hold” rating and increased their price target for the stock from $110.00 to $120.00 in a research report on Monday, August 10th. Finally, Canaccord Genuity Group increased their price target on shares of Interparfums from $141.00 to $151.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $123.29.

Interparfums Trading Up 0.5%

The company’s 50 day simple moving average is $114.68 and its 200 day simple moving average is $106.85. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.31 and a quick ratio of 2.00. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 22.12 and a beta of 1.16.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. The business had revenue of $341.04 million for the quarter, compared to analysts’ expectations of $341.00 million. Interparfums had a return on equity of 15.21% and a net margin of 11.17%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.99 earnings per share. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. As a group, research analysts expect that Interparfums, Inc. will post 4.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Veronique Gabai-Pinsky sold 900 shares of Interparfums stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $116.86, for a total value of $105,174.00. Following the completion of the transaction, the director owned 900 shares in the company, valued at $105,174. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 43.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Interparfums

Large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Interparfums in the second quarter valued at approximately $326,252,000. Deprince Race & Zollo Inc. purchased a new stake in shares of Interparfums during the 1st quarter worth approximately $30,283,000. Bank of New York Mellon Corp purchased a new stake in shares of Interparfums during the 2nd quarter worth approximately $35,603,000. Bank of America Corp DE acquired a new position in shares of Interparfums in the 2nd quarter valued at $31,320,000. Finally, First Trust Advisors LP boosted its holdings in shares of Interparfums by 19.3% in the 1st quarter. First Trust Advisors LP now owns 879,005 shares of the company’s stock valued at $79,849,000 after buying an additional 142,223 shares in the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

About Interparfums

Inter Parfums, Inc is a fragrance company that develops, manufactures and distributes prestige and designer perfumes and related products. Its offerings include fragrances, body-care products and ancillary beauty items sold under a portfolio of owned and licensed brand names.

The company markets products associated with international fashion, luxury and lifestyle brands, including Montblanc, Jimmy Choo, Coach, Kate Spade, Oscar de la Renta, Rochas, Van Cleef & Arpels, Boucheron, Moncler and other brand partners.