Interparfums (NASDAQ:IPAR) Stock Bumped Up to “Hold” by Zacks Research

Zacks Research upgraded shares of Interparfums (NASDAQ:IPAR) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks reports.

IPAR has been the subject of a number of other reports. BWS Financial downgraded Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price target for the company. in a report on Monday, August 17th. Jefferies Financial Group boosted their price target on shares of Interparfums from $115.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Berenberg Bank lowered Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price objective for the company. in a research report on Friday, August 14th. The Goldman Sachs Group cut shares of Interparfums from a “buy” rating to a “neutral” rating and lifted their price target for the company from $110.00 to $129.00 in a research report on Monday, August 10th. Finally, Canaccord Genuity Group boosted their price objective on Interparfums from $141.00 to $151.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $123.29.

Interparfums Stock Down 0.1%

Shares of Interparfums stock opened at $115.19 on Monday. The company has a 50 day moving average price of $114.47 and a 200 day moving average price of $104.11. Interparfums has a 52 week low of $77.21 and a 52 week high of $129.29.

Interparfums (NASDAQ:IPAR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, hitting analysts’ consensus estimates of $0.95. The firm had revenue of $341.04 million for the quarter, compared to analyst estimates of $341.00 million. During the same period in the prior year, the firm posted $0.99 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, equities analysts predict that Interparfums will post 4.85 EPS for the current year.

Insider Buying and Selling at Interparfums

In other news, Director Veronique Gabai-Pinsky sold 900 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $116.86, for a total transaction of $105,174.00. Following the completion of the sale, the director owned 900 shares in the company, valued at $105,174. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 43.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Interparfums in the 2nd quarter worth approximately $326,252,000. Deprince Race & Zollo Inc. acquired a new stake in shares of Interparfums in the first quarter worth approximately $30,283,000. Bank of New York Mellon Corp acquired a new position in shares of Interparfums in the 2nd quarter valued at $35,603,000. Bank of America Corp DE purchased a new stake in Interparfums during the second quarter valued at about $31,320,000. Finally, First Trust Advisors LP grew its holdings in shares of Interparfums by 19.3% during the 1st quarter. First Trust Advisors LP now owns 879,005 shares of the company’s stock worth $79,849,000 after purchasing an additional 142,223 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Interparfums Company Profile

Interparfums, Inc (NASDAQ: IPAR) develops, manufactures and distributes prestige fragrances and related beauty products. The company operates primarily through licensing agreements with fashion, luxury and lifestyle brands, creating perfumes, colognes, body products and other fragrance-related offerings for men and women.

Its portfolio has included internationally recognized names such as Montblanc, Jimmy Choo, Coach, Kate Spade New York, Rochas, Boucheron, Van Cleef & Arpels, Oscar de la Renta and Karl Lagerfeld, although brand relationships and licensing arrangements may change over time.