Interparfums (NASDAQ:IPAR) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Interparfums shares rose above their 200-day moving average, reaching $117.85 and last trading at $115.11, compared with a 200-day average of $106.78.
• Analyst sentiment is mixed: the stock has an overall “Hold” consensus with a $123.29 target price, including a $145 target from Jefferies and an $85 “Sell” target from BWS Financial.
• Interparfums met quarterly earnings expectations with $0.95 EPS and $341.04 million in revenue, while reporting a 2.1% year-over-year increase in quarterly revenue.

Interparfums, Inc. (NASDAQ:IPAR - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $106.78 and traded as high as $117.85. Interparfums shares last traded at $115.11, with a volume of 441,922 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on IPAR shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Interparfums in a report on Friday, October 2nd. The Goldman Sachs Group cut Interparfums from a "buy" rating to a "neutral" rating and lifted their target price for the company from $110.00 to $129.00 in a research note on Monday, August 10th. Jefferies Financial Group upped 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. TD Cowen lowered Interparfums from a "buy" rating to a "hold" rating and upped their price target for the company from $110.00 to $120.00 in a research note on Monday, August 10th. Finally, BWS Financial lowered Interparfums from a "neutral" rating to a "sell" rating and set a $85.00 price objective for the company. in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Interparfums has an average rating of "Hold" and a consensus target price of $123.29.

Interparfums Stock Up 0.6%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.00 and a current ratio of 3.31. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 22.01 and a beta of 1.16. The firm's fifty day simple moving average is $114.82 and its 200 day simple moving average is $106.78.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. The company had revenue of $341.04 million during the quarter, compared to analysts' expectations of $341.00 million. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, sell-side analysts forecast that Interparfums, Inc. will post 4.85 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Veronique Gabai-Pinsky sold 900 shares of Interparfums stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $116.86, for a total value of $105,174.00. Following the completion of the sale, the director directly owned 900 shares in the company, valued at approximately $105,174. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 43.60% of the company's stock.

Hedge Funds Weigh In On Interparfums

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Interparfums in the second quarter valued at approximately $326,252,000. First Trust Advisors LP increased its stake in shares of Interparfums by 19.3% in the 1st quarter. First Trust Advisors LP now owns 879,005 shares of the company's stock valued at $79,849,000 after purchasing an additional 142,223 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Interparfums by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 796,189 shares of the company's stock worth $72,326,000 after buying an additional 20,146 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Interparfums in the second quarter valued at about $35,603,000. Finally, Bank of America Corp DE acquired a new stake in Interparfums in the second quarter valued at about $31,320,000. Institutional investors own 55.57% of the company's stock.

Interparfums Company Profile

Inter Parfums, Inc is a fragrance company that develops, manufactures and distributes prestige and designer perfumes and related products. Its offerings include fragrances, body-care products and ancillary beauty items sold under a portfolio of owned and licensed brand names.

The company markets products associated with international fashion, luxury and lifestyle brands, including Montblanc, Jimmy Choo, Coach, Kate Spade, Oscar de la Renta, Rochas, Van Cleef & Arpels, Boucheron, Moncler and other brand partners.

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