Interparfums (NASDAQ:IPAR) Raised to “Buy” at Wall Street Zen

Interparfums (NASDAQ:IPAR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other equities research analysts also recently issued research reports about the company. BWS Financial reaffirmed a “neutral” rating and set a $85.00 price target on shares of Interparfums in a report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Interparfums in a research report on Friday, March 27th. Zacks Research upgraded Interparfums from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Jefferies Financial Group assumed coverage on Interparfums in a research report on Wednesday, January 14th. They set a “buy” rating and a $112.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $110.67.

Interparfums Stock Performance

Shares of Interparfums stock opened at $98.83 on Friday. The business has a fifty day simple moving average of $95.20 and a two-hundred day simple moving average of $91.36. Interparfums has a 1 year low of $77.21 and a 1 year high of $142.61. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 18.86 and a beta of 1.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.99 and a quick ratio of 1.97.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.10. Interparfums had a return on equity of 15.76% and a net margin of 11.31%.The business had revenue of $386.18 million during the quarter, compared to the consensus estimate of $366.76 million. During the same quarter last year, the firm posted $0.82 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Research analysts forecast that Interparfums will post 5.14 EPS for the current year.

Insider Activity at Interparfums

In related news, CEO Jean Madar sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $91.02, for a total value of $1,820,400.00. Following the transaction, the chief executive officer owned 7,066,341 shares in the company, valued at approximately $643,178,357.82. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 43.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IPAR. Royal Bank of Canada increased its position in shares of Interparfums by 8.7% in the first quarter. Royal Bank of Canada now owns 55,923 shares of the company’s stock worth $6,368,000 after purchasing an additional 4,453 shares during the period. AQR Capital Management LLC increased its position in shares of Interparfums by 61.7% in the first quarter. AQR Capital Management LLC now owns 2,923 shares of the company’s stock worth $333,000 after purchasing an additional 1,115 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Interparfums by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,848 shares of the company’s stock worth $1,235,000 after purchasing an additional 476 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Interparfums by 2.7% in the first quarter. Goldman Sachs Group Inc. now owns 138,977 shares of the company’s stock worth $15,825,000 after purchasing an additional 3,684 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Interparfums by 24.1% in the second quarter. Russell Investments Group Ltd. now owns 9,752 shares of the company’s stock worth $1,281,000 after purchasing an additional 1,893 shares during the period. Institutional investors own 55.57% of the company’s stock.

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.