Interparfums' (IPAR) Buy Rating Reaffirmed at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reaffirmed a buy rating for Interparfums (IPAR) with a price target of $168.00, indicating a potential upside of 70.28% from its last closing price.
• Interparfums reported an EPS of $0.99 for the latest quarter, missing estimates by $0.11, and experienced a 2.3% decline in revenue year-over-year.
• Institutional investors own 55.57% of Interparfums' stock, with Vanguard Group and T. Rowe Price among the firms that increased their stakes in the company recently.

Interparfums (NASDAQ:IPAR - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Canaccord Genuity Group in a research note issued on Tuesday,Benzinga reports. They currently have a $168.00 price objective on the stock. Canaccord Genuity Group's price target points to a potential upside of 70.28% from the stock's previous close.

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Interparfums in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

Interparfums Trading Down 0.2%

Shares of IPAR stock traded down $0.17 on Tuesday, hitting $98.66. 82,991 shares of the company's stock traded hands, compared to its average volume of 244,038. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.69 and a current ratio of 2.96. Interparfums has a one year low of $91.06 and a one year high of $148.15. The company's fifty day simple moving average is $105.57 and its 200 day simple moving average is $117.71. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 19.77 and a beta of 1.35.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.11). Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The business had revenue of $333.94 million for the quarter, compared to the consensus estimate of $357.58 million. During the same period in the prior year, the business posted $1.14 EPS. Interparfums's revenue for the quarter was down 2.3% on a year-over-year basis. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Equities analysts forecast that Interparfums will post 5.14 EPS for the current year.

Institutional Trading of Interparfums

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Interparfums by 3.3% in the first quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company's stock worth $241,194,000 after acquiring an additional 67,533 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Interparfums by 0.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,133,046 shares of the company's stock valued at $129,020,000 after purchasing an additional 8,318 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in Interparfums by 66.8% during the second quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company's stock valued at $101,843,000 after purchasing an additional 310,712 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Interparfums by 26.9% during the first quarter. Victory Capital Management Inc. now owns 715,004 shares of the company's stock valued at $81,418,000 after purchasing an additional 151,358 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Interparfums by 2.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 714,891 shares of the company's stock worth $93,872,000 after buying an additional 15,453 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Interparfums Company Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.

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