Interparfums (NASDAQ:IPAR) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Interparfums (NASDAQ:IPAR) from a hold rating to a buy rating in a research note published on Saturday.

Several other equities research analysts have also commented on the company. Canaccord Genuity Group reiterated a “buy” rating and set a $123.00 price objective on shares of Interparfums in a research note on Wednesday, November 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a research report on Monday, December 29th. UBS Group set a $103.00 price target on Interparfums in a research note on Friday, November 21st. Berenberg Bank initiated coverage on Interparfums in a research report on Friday, November 21st. They set a “buy” rating and a $103.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on Interparfums in a research note on Wednesday, January 14th. They issued a “buy” rating and a $112.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.14.

Interparfums Stock Performance

IPAR opened at $91.49 on Friday. The firm’s fifty day simple moving average is $96.08 and its two-hundred day simple moving average is $94.19. Interparfums has a 52-week low of $77.21 and a 52-week high of $142.61. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 17.46 and a beta of 1.21. The company has a quick ratio of 1.97, a current ratio of 2.99 and a debt-to-equity ratio of 0.11.

Interparfums (NASDAQ:IPAR) last released its earnings results on Tuesday, February 24th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.10. Interparfums had a net margin of 11.31% and a return on equity of 15.76%. The business had revenue of $386.18 million during the quarter, compared to analysts’ expectations of $366.76 million. During the same quarter in the previous year, the company earned $0.82 earnings per share. 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. Equities analysts anticipate that Interparfums will post 5.14 earnings per share for the current fiscal year.

Interparfums Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.80 dividend. The ex-dividend date is Monday, March 16th. This represents a $3.20 dividend on an annualized basis and a yield of 3.5%. Interparfums’s dividend payout ratio is presently 61.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Interparfums by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock valued at $183,554,000 after purchasing an additional 62,832 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Interparfums by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 776,043 shares of the company’s stock valued at $65,831,000 after purchasing an additional 73,159 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in Interparfums by 66.8% during the second quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company’s stock worth $101,843,000 after buying an additional 310,712 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Interparfums by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 753,469 shares of the company’s stock worth $63,917,000 after buying an additional 23,767 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Interparfums by 17.3% during the fourth quarter. First Trust Advisors LP now owns 736,782 shares of the company’s stock worth $62,501,000 after buying an additional 108,433 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

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.