Susan Anderson, an analyst from Canaccord Genuity, maintained the Buy rating on Inter Parfums (IPAR – Research Report). The associated price target remains the same with $168.00.
Susan Anderson’s rating is based on Inter Parfums’ impressive first-quarter sales performance, which exceeded expectations and demonstrated resilience in the fragrance market despite broader economic uncertainties. The company’s sales increased by 4.6% year-over-year, surpassing both internal and market forecasts, with organic sales growth reaching 7% after accounting for the discontinuation of the Dunhill license and foreign exchange impacts.
The European segment showed robust growth, particularly with brands like Jimmy Choo and Lacoste, while the U.S. segment also performed well organically. Additionally, Inter Parfums’ management has shown strategic foresight by adjusting their supply chain in response to potential tariff challenges and planning selective price increases. The reaffirmation of their full-year guidance further underscores management’s confidence in sustaining growth and capitalizing on the ongoing demand for their products, including new launches such as the Solferino niche fragrance brand.
In another report released today, Piper Sandler also maintained a Buy rating on the stock with a $138.00 price target.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IPAR in relation to earlier this year.