Interparfums (NASDAQ:IPAR) Cut to “Sell” at BWS Financial

BWS Financial lowered shares of Interparfums (NASDAQ:IPAR) from a neutral rating to a sell rating in a research note released on Monday morning, Marketbeat reports. They currently have $85.00 target price on the stock.

Several other research firms have also recently commented on IPAR. 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. Weiss Ratings upgraded Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. Wall Street Zen cut Interparfums from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Jefferies Financial Group lifted their price objective on Interparfums from $115.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Finally, TD Cowen cut Interparfums from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $110.00 to $120.00 in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $123.29.

Interparfums Trading Up 3.1%

Shares of IPAR opened at $117.01 on Monday. Interparfums has a 1 year low of $77.21 and a 1 year high of $129.29. The company has a current ratio of 3.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.09. The stock has a 50 day simple moving average of $115.51 and a 200-day simple moving average of $101.71. The stock has a market cap of $3.75 billion, a PE ratio of 22.37 and a beta of 1.11.

Interparfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The business had revenue of $341.04 million during the quarter, compared to analysts’ expectations of $341.00 million. During the same quarter last year, the company posted $0.99 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, sell-side analysts predict that Interparfums will post 4.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Interparfums

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Interparfums during the second quarter worth about $326,252,000. Vanguard Group Inc. grew its position in shares of Interparfums by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock worth $183,554,000 after buying an additional 62,832 shares during the period. 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 acquiring an additional 142,223 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Interparfums by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 796,189 shares of the company’s stock valued at $72,326,000 after acquiring an additional 20,146 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Interparfums by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 753,469 shares of the company’s stock valued at $63,917,000 after acquiring an additional 23,767 shares during the period. Institutional investors own 55.57% of the company’s stock.

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.