Interparfums (NASDAQ:IPAR) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Interparfums (NASDAQ:IPAR) in a report issued on Wednesday, MarketBeat reports. The firm issued a buy rating and a $112.00 price target on the stock.

Several other equities research analysts have also commented on IPAR. Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a research note on Monday, December 29th. Zacks Research downgraded shares of Interparfums from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Sanford C. Bernstein upgraded shares of Interparfums to a “strong-buy” rating in a report on Tuesday, October 21st. Berenberg Bank began coverage on shares of Interparfums in a research note on Friday, November 21st. They set a “buy” rating and a $103.00 price objective for the company. Finally, BWS Financial downgraded shares of Interparfums from a “buy” rating to a “neutral” rating and set a $85.00 target price on the stock. in a research note on Friday, November 21st. One equities 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 given a Sell rating to the stock. According to data from MarketBeat.com, Interparfums currently has an average rating of “Moderate Buy” and an average target price of $119.14.

Interparfums Trading Down 1.2%

Shares of IPAR traded down $1.09 during mid-day trading on Wednesday, hitting $89.70. The company had a trading volume of 18,965 shares, compared to its average volume of 234,997. Interparfums has a 1-year low of $77.21 and a 1-year high of $148.15. The business’s 50-day simple moving average is $84.44 and its 200-day simple moving average is $102.08. The stock has a market cap of $2.88 billion, a PE ratio of 17.55 and a beta of 1.23. The company has a quick ratio of 1.99, a current ratio of 3.27 and a debt-to-equity ratio of 0.13.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new stake in Interparfums during the 3rd quarter worth $34,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Interparfums during the third quarter valued at about $35,000. First Horizon Advisors Inc. increased its position in shares of Interparfums by 71.2% during the second quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock worth $49,000 after acquiring an additional 156 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Interparfums during the third quarter worth about $40,000. Finally, Quarry LP lifted its stake in shares of Interparfums by 1,180.5% in the third quarter. Quarry LP now owns 525 shares of the company’s stock worth $52,000 after acquiring an additional 484 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.