Interparfums (NASDAQ:IPAR) Cut to Strong Sell at Zacks Research

Interparfums (NASDAQ:IPAR) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Berenberg Bank initiated coverage on Interparfums in a research report on Friday, November 21st. They set a “buy” rating and a $103.00 target price for the company. BWS Financial downgraded shares of Interparfums from a “buy” rating to a “neutral” rating and set a $85.00 price target on the stock. in a research note on Friday, November 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Interparfums in a research note on Monday, December 29th. UBS Group set a $103.00 target price on shares of Interparfums in a report on Friday, November 21st. Finally, Jefferies Financial Group decreased their target price on shares of Interparfums from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.00.

Interparfums Trading Up 2.6%

Interparfums stock opened at $87.89 on Monday. Interparfums has a 12-month low of $77.21 and a 12-month high of $148.15. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 17.20 and a beta of 1.23. The firm has a 50 day moving average of $84.67 and a 200 day moving average of $103.76. The company has a current ratio of 3.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.13.

Interparfums (NASDAQ:IPAR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.16. The business had revenue of $429.58 million during the quarter, compared to analyst estimates of $431.78 million. Interparfums had a return on equity of 16.31% and a net margin of 11.24%.Interparfums’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.93 EPS. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. As a group, research analysts predict that Interparfums will post 5.14 earnings per share for the current year.

Institutional Investors Weigh In On Interparfums

Hedge funds have recently made changes to their positions in the stock. Exchange Traded Concepts LLC bought a new position in shares of Interparfums during the 3rd quarter worth approximately $34,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Interparfums during the third quarter worth $35,000. Advisory Services Network LLC acquired a new position in shares of Interparfums during the third quarter worth $40,000. GAMMA Investing LLC lifted its holdings in shares of Interparfums by 269.9% during the 4th quarter. GAMMA Investing LLC now owns 529 shares of the company’s stock valued at $45,000 after purchasing an additional 386 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Interparfums by 71.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock worth $49,000 after purchasing an additional 156 shares in the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

About Interparfums

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company’s core activities include fragrance creation, brand management and international logistics.