Jefferies Financial Group Issues Positive Forecast for Interparfums (NASDAQ:IPAR) Stock Price

Interparfums (NASDAQ:IPAR) had its price objective boosted by investment analysts at Jefferies Financial Group from $145.00 to $156.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group‘s price target would indicate a potential upside of 15.09% from the company’s current price.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group lowered shares of Interparfums from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $129.00 in a research report on Monday, August 10th. BWS Financial downgraded shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price objective on the stock. in a report on Monday, August 17th. Berenberg Bank downgraded shares of Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a report on Friday, August 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interparfums in a research report on Friday, October 2nd. Finally, Canaccord Genuity Group increased their target price on shares of Interparfums from $151.00 to $154.00 and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $125.29.

Interparfums Stock Performance

Shares of NASDAQ:IPAR traded up $0.27 during midday trading on Friday, hitting $135.55. The company’s stock had a trading volume of 308,978 shares, compared to its average volume of 259,600. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 25.53 and a beta of 1.08. The stock’s 50 day simple moving average is $115.09 and its 200 day simple moving average is $105.20. Interparfums has a fifty-two week low of $77.21 and a fifty-two week high of $136.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.00 and a current ratio of 3.31.

Interparfums (NASDAQ:IPAR) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.32. The business had revenue of $429.51 million during the quarter, compared to analysts’ expectations of $430.00 million. Interparfums had a return on equity of 15.44% and a net margin of 11.33%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 EPS. As a group, research analysts anticipate that Interparfums will post 4.85 earnings per share for the current year.

Insiders Place Their Bets

In other Interparfums news, Director Veronique Gabai-Pinsky sold 900 shares of the business’s stock in a transaction 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 sale, the director owned 900 shares of the company’s stock, valued at $105,174. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 43.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Interparfums

A number of hedge funds and other institutional investors have recently made changes to their positions in IPAR. GAMMA Investing LLC boosted its position in Interparfums by 6.4% in the third quarter. GAMMA Investing LLC now owns 1,753 shares of the company’s stock valued at $195,000 after buying an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Interparfums by 34.2% during the first quarter. EverSource Wealth Advisors LLC now owns 487 shares of the company’s stock worth $44,000 after buying an additional 124 shares during the last quarter. Hohimer Wealth Management LLC grew its stake in Interparfums by 5.4% during the third quarter. Hohimer Wealth Management LLC now owns 2,420 shares of the company’s stock worth $269,000 after buying an additional 124 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Interparfums by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 7,774 shares of the company’s stock worth $863,000 after buying an additional 155 shares in the last quarter. Finally, Carolina Wealth Advisors LLC increased its holdings in shares of Interparfums by 7.9% during the third quarter. Carolina Wealth Advisors LLC now owns 2,327 shares of the company’s stock worth $258,000 after buying an additional 170 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

Interparfums Company Profile

Interparfums, Inc (NASDAQ: IPAR) develops, manufactures and distributes prestige fragrances and related beauty products. The company operates primarily through licensing agreements with fashion, luxury and lifestyle brands, creating perfumes, colognes, body products and other fragrance-related offerings for men and women.

Its portfolio has included internationally recognized names such as Montblanc, Jimmy Choo, Coach, Kate Spade New York, Rochas, Boucheron, Van Cleef & Arpels, Oscar de la Renta and Karl Lagerfeld, although brand relationships and licensing arrangements may change over time.