Interparfums (NASDAQ:IPAR) Rating Increased to Strong-Buy at TD Cowen

Interparfums (NASDAQ:IPAR) was upgraded by equities research analysts at TD Cowen to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also recently commented on IPAR. Weiss Ratings reissued a “hold (c-)” rating on shares of Interparfums in a research note on Friday, March 27th. Wall Street Zen cut Interparfums from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. BWS Financial reaffirmed a “neutral” rating and set a $85.00 price objective on shares of Interparfums in a research report on Wednesday, April 22nd. Finally, Zacks Research raised Interparfums from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Interparfums Trading Down 0.7%

NASDAQ IPAR opened at $91.75 on Monday. Interparfums has a 12 month low of $77.21 and a 12 month high of $142.61. The stock has a market cap of $2.94 billion, a P/E ratio of 17.41 and a beta of 1.16. The stock’s fifty day moving average price is $91.91 and its 200-day moving average price is $91.04. The company has a current ratio of 3.26, a quick ratio of 2.05 and a debt-to-equity ratio of 0.10.

Interparfums (NASDAQ:IPAR) last released its earnings results on Tuesday, May 5th. The company reported $1.35 EPS for the quarter, topping 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 firm had revenue of $344.89 million for the quarter, compared to analysts’ expectations of $345.00 million. During the same period in the prior year, the firm posted $1.32 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. As a group, equities analysts forecast that Interparfums will post 4.82 EPS for the current fiscal year.

Insider Activity at Interparfums

In related news, CEO Jean Madar sold 20,000 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $91.02, for a total transaction of $1,820,400.00. Following the sale, the chief executive officer directly owned 7,066,341 shares of the company’s stock, valued at $643,178,357.82. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 43.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Interparfums

Institutional investors have recently modified their holdings of the business. Hantz Financial Services Inc. boosted its position in shares of Interparfums by 172.2% during the fourth quarter. Hantz Financial Services Inc. now owns 343 shares of the company’s stock valued at $29,000 after buying an additional 217 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Interparfums in the third quarter valued at about $35,000. Advisory Services Network LLC bought a new position in Interparfums in the third quarter valued at about $40,000. Global Retirement Partners LLC lifted its holdings in Interparfums by 39.0% in the fourth quarter. Global Retirement Partners LLC now owns 481 shares of the company’s stock valued at $41,000 after acquiring an additional 135 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Interparfums by 34.2% in the first quarter. EverSource Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $44,000 after acquiring an additional 124 shares during the period. 55.57% of the stock is owned by hedge funds and other institutional investors.

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.