INTERPARFUMS INC
No enriched coverage for $IPAR in the last 7 days.
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UBS Group AG significantly increased its stake in Interparfums, Inc. (NASDAQ:IPAR) by 91.4% during the fourth quarter, holding 131,105 shares valued at $11.1 million. Interparfums reported strong quarterly earnings, beating EPS estimates and announcing a quarterly dividend of $0.80 per share. Despite some insider selling and mixed analyst ratings, the company maintains a "Moderate Buy" consensus.
Wall Street Zen has upgraded Interparfums (IPAR) stock rating from "hold" to "buy," aligning with MarketBeat's consensus of "Moderate Buy" and an average analyst target price of $110.67. The company recently surpassed quarterly earnings expectations with an EPS of $0.88 and revenue of $386.18 million, representing a 6.8% year-over-year increase. Despite CEO Jean Madar selling 20,000 shares, insiders still hold 43.7% of the company, and institutional investors own 55.6%.
Inter Parfums has signed a 20-year global licensing agreement with Nautica for fragrances, effective January 1, 2030. This deal is expected to expand Nautica's fragrance offerings and strengthen Interparfums' presence in the licensed fragrance market. Analysts currently rate IPAR stock as a Hold with an $85.00 price target.
