Interparfums (NASDAQ:IPAR) Stock Rating Upgraded by Zacks Research

Interparfums (NASDAQ:IPAR) was upgraded by 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.

IPAR has been the topic of a number of other research reports. BWS Financial lowered shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price objective on the stock. in a research note on Monday, August 17th. Canaccord Genuity Group upped their target price on Interparfums from $141.00 to $151.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group increased their price target on Interparfums from $115.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group cut 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, TD Cowen downgraded Interparfums from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $110.00 to $120.00 in a research note on Monday, August 10th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Interparfums currently has an average rating of “Hold” and an average price target of $123.29.

Interparfums Trading Down 0.1%

Shares of IPAR opened at $115.19 on Monday. The firm 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 released 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 company had revenue of $341.04 million for the quarter, compared to the consensus estimate of $341.00 million. During the same quarter last year, the firm posted $0.99 earnings per share. The firm’s quarterly 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. As a group, sell-side analysts predict that Interparfums will post 4.85 EPS for the current year.

Insider Buying and Selling at Interparfums

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the stock in a transaction on Thursday, August 27th. The stock was 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 in the company, valued at $105,174. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 43.60% of the stock is owned by company insiders.

Institutional Trading of Interparfums

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Interparfums during the second quarter valued at about $326,252,000. First Trust Advisors LP boosted its holdings in shares of Interparfums by 19.3% in the first quarter. First Trust Advisors LP now owns 879,005 shares of the company’s stock worth $79,849,000 after buying an additional 142,223 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Interparfums by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 796,189 shares of the company’s stock worth $72,326,000 after acquiring an additional 20,146 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Interparfums in the second quarter worth approximately $35,603,000. Finally, Bank of America Corp DE purchased a new position in shares of Interparfums in the second quarter worth approximately $31,320,000. 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.