Interparfums, Inc. (NASDAQ:IPAR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Interparfums, Inc. (NASDAQ:IPAR) has been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $119.1429.

Several analysts have recently issued reports on IPAR shares. UBS Group set a $103.00 target price on shares of Interparfums in a research report on Friday, November 21st. Sanford C. Bernstein raised shares of Interparfums to a “strong-buy” rating in a research report on Tuesday, October 21st. Zacks Research upgraded Interparfums from a “strong sell” rating to a “hold” rating in a report on Monday. Canaccord Genuity Group reiterated a “buy” rating and issued a $123.00 price target on shares of Interparfums in a report on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Interparfums in a research report on Monday, December 29th.

Interparfums Price Performance

Shares of NASDAQ:IPAR opened at $100.25 on Friday. The company has a 50-day moving average price of $87.73 and a two-hundred day moving average price of $97.98. Interparfums has a twelve month low of $77.21 and a twelve month high of $148.15. The company has a quick ratio of 1.99, a current ratio of 3.27 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.21 billion, a PE ratio of 19.62 and a beta of 1.24.

Interparfums (NASDAQ:IPAR) last released its earnings results on Wednesday, November 5th. The company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.16. Interparfums had a return on equity of 16.31% and a net margin of 11.24%.The company had revenue of $429.58 million during the quarter, compared to analyst estimates of $431.78 million. During the same quarter in the previous year, the company posted $1.93 EPS. Interparfums’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts forecast that Interparfums will post 5.14 EPS for the current year.

Institutional Trading of Interparfums

Large investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund lifted its position in shares of Interparfums by 2.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,204 shares of the company’s stock valued at $357,000 after buying an additional 100 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Interparfums by 1.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,583 shares of the company’s stock worth $865,000 after buying an additional 106 shares during the last quarter. CWM LLC increased its stake in Interparfums by 21.3% during the fourth quarter. CWM LLC now owns 660 shares of the company’s stock worth $56,000 after acquiring an additional 116 shares during the last quarter. US Bancorp DE raised its holdings in Interparfums by 1.7% in the 3rd quarter. US Bancorp DE now owns 7,183 shares of the company’s stock valued at $707,000 after buying an additional 121 shares during the period. Finally, Creative Planning raised its stake in shares of Interparfums by 2.3% in the 2nd quarter. Creative Planning now owns 5,667 shares of the company’s stock valued at $744,000 after acquiring an additional 125 shares during the period. 55.57% of the stock is owned by hedge funds and other institutional investors.

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.