Interparfums (NASDAQ:IPAR) Upgraded at Sanford C. Bernstein

Key Points

• Interparfums (NASDAQ:IPAR) has been upgraded to a "strong-buy" rating by analysts at Sanford C. Bernstein, indicating positive expectations for the company's performance.
• The company's recent quarterly earnings report revealed an EPS of $0.99, which was below the consensus estimate of $1.10, and a revenue decrease of 2.3% compared to the same quarter last year.
• Interparfums holds an average broker rating of "Buy" with a consensus target price of $162.00, suggesting optimism among analysts regarding the stock's future performance.

Interparfums (NASDAQ:IPAR - Get Free Report) was upgraded by analysts at Sanford C. Bernstein to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on IPAR. BWS Financial reaffirmed a "buy" rating and set a $172.00 target price on shares of Interparfums in a research report on Wednesday. Weiss Ratings restated a "hold (c)" rating on shares of Interparfums in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $168.00 target price on shares of Interparfums in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $162.00.

Interparfums Price Performance

Shares of Interparfums stock opened at $99.02 on Tuesday. The business's fifty day moving average price is $104.84 and its 200 day moving average price is $117.46. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. Interparfums has a twelve month low of $91.06 and a twelve month high of $148.15. The stock has a market capitalization of $3.18 billion, a P/E ratio of 19.84 and a beta of 1.35.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data 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 company had revenue of $333.94 million during the quarter, compared to analysts' expectations of $357.58 million. During the same period last year, the business earned $1.14 earnings per share. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, research analysts anticipate that Interparfums will post 5.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IPAR. Blue Trust Inc. increased its holdings in shares of Interparfums by 52.0% in the first quarter. Blue Trust Inc. now owns 506 shares of the company's stock valued at $58,000 after buying an additional 173 shares in the last quarter. Bessemer Group Inc. raised its stake in Interparfums by 26.2% during the 1st quarter. Bessemer Group Inc. now owns 179,355 shares of the company's stock valued at $20,423,000 after purchasing an additional 37,184 shares during the period. Illinois Municipal Retirement Fund raised its stake in Interparfums by 1.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 9,623 shares of the company's stock valued at $1,096,000 after purchasing an additional 156 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Interparfums during the 1st quarter valued at $1,714,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Interparfums during the 1st quarter valued at $5,114,000. Institutional investors own 55.57% of the company's stock.

About Interparfums

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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