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

Shares of Interparfums, Inc. (NASDAQ:IPAR) have been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $121.00.

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein raised Interparfums to a “strong-buy” rating in a report on Tuesday, October 21st. Berenberg Bank initiated coverage on shares of Interparfums in a research report on Friday, November 21st. They set a “buy” rating and a $103.00 price target for the company. BWS Financial downgraded Interparfums from a “buy” rating to a “neutral” rating and set a $85.00 price objective for the company. in a research note on Friday, November 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Interparfums in a report on Monday, December 29th. Finally, Zacks Research downgraded Interparfums from a “hold” rating to a “strong sell” rating in a research note on Monday.

Interparfums Stock Up 3.1%

Shares of Interparfums stock opened at $88.20 on Tuesday. The firm’s 50 day moving average price is $84.52 and its 200-day moving average price is $103.52. The company has a market cap of $2.83 billion, a P/E ratio of 17.26 and a beta of 1.23. The company has a quick ratio of 1.99, a current ratio of 3.27 and a debt-to-equity ratio of 0.13. Interparfums has a 52-week low of $77.21 and a 52-week high of $148.15.

Interparfums (NASDAQ:IPAR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.16. The firm had revenue of $429.58 million during the quarter, compared to analysts’ expectations of $431.78 million. Interparfums had a return on equity of 16.31% and a net margin of 11.24%.The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.93 EPS. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. On average, sell-side analysts predict that Interparfums will post 5.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Interparfums

A number of institutional investors and hedge funds have recently made changes to their positions in IPAR. Exchange Traded Concepts LLC acquired a new stake in shares of Interparfums during the third quarter worth about $34,000. Aster Capital Management DIFC Ltd acquired a new position in Interparfums in the third quarter valued at approximately $35,000. First Horizon Advisors Inc. boosted its holdings in shares of Interparfums by 71.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock valued at $49,000 after buying an additional 156 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Interparfums during the third quarter worth about $40,000. Finally, Quarry LP grew its stake in Interparfums by 1,180.5% during the 3rd quarter. Quarry LP now owns 525 shares of the company’s stock worth $52,000 after buying an additional 484 shares during the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

About Interparfums

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company’s core activities include fragrance creation, brand management and international logistics.