Interparfums (NASDAQ:IPAR) Stock Rating Lowered by Zacks Research

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

IPAR has been the subject of several other research reports. Berenberg Bank downgraded shares of Interparfums from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a research note on Friday, August 14th. Jefferies Financial Group raised their price objective on shares of Interparfums from $115.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. BWS Financial lowered shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price objective for the company. in a research note on Monday, August 17th. The Goldman Sachs Group cut shares of Interparfums from a “buy” rating to a “neutral” rating and boosted their target price for the company from $110.00 to $129.00 in a report on Monday, August 10th. Finally, TD Cowen downgraded Interparfums from a “buy” rating to a “hold” rating and increased their target price for the stock from $110.00 to $120.00 in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Interparfums presently has an average rating of “Hold” and an average target price of $123.29.

Interparfums Stock Down 1.8%

IPAR opened at $109.99 on Monday. The company’s 50-day moving average price is $118.58 and its two-hundred day moving average price is $103.58. The company has a quick ratio of 2.00, a current ratio of 3.31 and a debt-to-equity ratio of 0.09. Interparfums has a twelve month low of $77.21 and a twelve month high of $129.29. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 21.03 and a beta of 1.12.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. Interparfums had a return on equity of 15.21% and a net margin of 11.17%.The business had revenue of $341.04 million during the quarter, compared to analyst estimates of $341.00 million. During the same period in the prior year, the company earned $0.99 earnings per share. Interparfums’s revenue was up 2.1% compared to the same quarter last year. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. As a group, equities analysts expect that Interparfums will post 4.85 earnings per share for the current year.

Insider Activity

In other news, Director Veronique Gabai-Pinsky sold 900 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 900 shares in the company, valued at approximately $105,174. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 43.60% of the company’s stock.

Institutional Trading of Interparfums

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tidal Investments LLC bought a new position in Interparfums in the 2nd quarter valued at $1,047,000. Integrated Wealth Concepts LLC purchased a new position in shares of Interparfums during the 2nd quarter valued at $50,000. Squarepoint Ops LLC increased its holdings in shares of Interparfums by 1,450.1% in the second quarter. Squarepoint Ops LLC now owns 52,702 shares of the company’s stock worth $5,895,000 after purchasing an additional 49,302 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Interparfums by 12.4% in the second quarter. Baird Financial Group Inc. now owns 3,840 shares of the company’s stock worth $430,000 after purchasing an additional 424 shares during the period. Finally, Nykredit A S purchased a new stake in shares of Interparfums in the second quarter worth $69,000. Institutional investors own 55.57% of the company’s stock.

About Interparfums

Inter Parfums, Inc (NASDAQ: IPAR) develops, manufactures and distributes prestige fragrances and fragrance-related products. Its offerings include perfumes, eau de toilette, body care products and other beauty items marketed under a portfolio of internationally recognized designer and luxury brands.

The company operates through European and United States-based activities and typically works under license agreements with fashion houses, luxury-goods companies and other brand owners. Its portfolio has included brands such as Montblanc, Jimmy Choo, Coach, Kate Spade, Karl Lagerfeld, Oscar de la Renta, Rochas, Boucheron and Van Cleef & Arpels.