Zacks Research Upgrades Interparfums (NASDAQ:IPAR) to Hold

Interparfums (NASDAQ:IPAR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other research firms also recently issued reports on IPAR. Canaccord Genuity Group lifted their price objective on Interparfums from $141.00 to $151.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interparfums in a research report on Friday, October 2nd. BWS Financial downgraded Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 target price for the company. in a research report on Monday, August 17th. TD Cowen lowered shares of Interparfums from a “buy” rating to a “hold” rating and raised their target price for the company from $110.00 to $120.00 in a report on Monday, August 10th. Finally, Jefferies Financial Group boosted their price target on shares of Interparfums from $115.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $123.29.

Interparfums Stock Performance

Shares of Interparfums stock opened at $115.19 on Monday. The business has a 50-day moving average price of $114.47 and a 200-day moving average price of $104.11. Interparfums has a twelve month low of $77.21 and a twelve month high of $129.29.

Interparfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.95. The firm had revenue of $341.04 million during the quarter, compared to the consensus estimate of $341.00 million. During the same period last year, the firm posted $0.99 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Sell-side analysts expect that Interparfums will post 4.85 EPS for the current year.

Insider Activity at Interparfums

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $116.86, for a total value of $105,174.00. Following the completion of the transaction, the director owned 900 shares of the company’s stock, valued at approximately $105,174. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 43.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Interparfums during the second quarter valued at approximately $326,252,000. First Trust Advisors LP boosted its holdings in shares of Interparfums by 19.3% in 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. Dimensional Fund Advisors LP increased its position in shares of Interparfums by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 796,189 shares of the company’s stock valued at $72,326,000 after purchasing an additional 20,146 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Interparfums during the 2nd quarter valued at approximately $35,603,000. Finally, Bank of America Corp DE bought a new position in shares of Interparfums during the 2nd quarter valued at approximately $31,320,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.

About Interparfums

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.