Brokerages Set Interparfums, Inc. (NASDAQ:IPAR) Price Target at $109.00

Interparfums, Inc. (NASDAQ:IPAR) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $109.00.

Several equities analysts recently issued reports on the company. Weiss Ratings raised Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. TD Cowen started coverage on shares of Interparfums in a research note on Monday, June 1st. They set a “buy” rating and a $110.00 price target on the stock. Wall Street Zen cut shares of Interparfums from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. BWS Financial reissued a “neutral” rating and issued a $85.00 price objective on shares of Interparfums in a research note on Wednesday, April 22nd. Finally, Canaccord Genuity Group lifted their price objective on shares of Interparfums from $123.00 to $141.00 and gave the company a “buy” rating in a report on Thursday.

Interparfums Stock Up 1.8%

Interparfums stock opened at $124.70 on Friday. Interparfums has a fifty-two week low of $77.21 and a fifty-two week high of $128.62. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.05 and a current ratio of 3.26. The firm has a 50 day moving average price of $105.88 and a 200 day moving average price of $98.28. The company has a market capitalization of $3.99 billion, a PE ratio of 23.66 and a beta of 1.13.

Interparfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, May 5th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.21. Interparfums had a return on equity of 15.47% and a net margin of 11.32%.The company had revenue of $344.89 million for the quarter, compared to analyst estimates of $345.00 million. During the same quarter in the previous year, the company earned $1.32 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Research analysts expect that Interparfums will post 4.82 earnings per share for the current year.

Hedge Funds Weigh In On Interparfums

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. purchased a new stake in shares of Interparfums during the first quarter worth $30,283,000. Norges Bank purchased a new position in Interparfums in the fourth quarter valued at $19,313,000. Royce & Associates LP grew its stake in Interparfums by 42.0% during the 4th quarter. Royce & Associates LP now owns 683,201 shares of the company’s stock worth $57,956,000 after purchasing an additional 202,207 shares in the last quarter. Millennium Management LLC grew its stake in Interparfums by 823.0% during the 3rd quarter. Millennium Management LLC now owns 205,526 shares of the company’s stock worth $20,220,000 after purchasing an additional 183,258 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Interparfums by 249.3% during the 2nd quarter. Squarepoint Ops LLC now owns 225,907 shares of the company’s stock worth $29,664,000 after purchasing an additional 161,239 shares during the period. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Interparfums Company Profile

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.