BWS Financial Reiterates Neutral Rating for Interparfums (NASDAQ:IPAR)

Interparfums (NASDAQ:IPAR)‘s stock had its “neutral” rating reiterated by investment analysts at BWS Financial in a report released on Thursday,Benzinga reports. They currently have a $85.00 price objective on the stock. BWS Financial’s target price would suggest a potential downside of 11.13% from the stock’s current price.

A number of other analysts have also commented on IPAR. Jefferies Financial Group began coverage on Interparfums in a research report on Wednesday, January 14th. They issued a “buy” rating and a $112.00 price objective for the company. Zacks Research downgraded shares of Interparfums from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $123.00 price objective on shares of Interparfums in a research note on Wednesday, November 19th. UBS Group set a $103.00 target price on shares of Interparfums in a report on Friday, November 21st. Finally, Sanford C. Bernstein raised Interparfums to a “strong-buy” rating in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $119.14.

Interparfums Price Performance

Shares of IPAR traded up $0.41 during mid-day trading on Thursday, hitting $95.65. 118,499 shares of the company traded hands, compared to its average volume of 223,262. The company has a current ratio of 3.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 18.74 and a beta of 1.23. The business has a 50-day moving average of $85.99 and a 200 day moving average of $99.16. Interparfums has a one year low of $77.21 and a one year high of $148.15.

Interparfums (NASDAQ:IPAR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.16. The firm had revenue of $429.58 million for the quarter, compared to the consensus estimate of $431.78 million. Interparfums had a return on equity of 16.31% and a net margin of 11.24%.The business’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 earned $1.93 EPS. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. As a group, equities analysts expect that Interparfums will post 5.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Interparfums

Several institutional investors and hedge funds have recently modified their holdings of the business. Exchange Traded Concepts LLC acquired a new stake in Interparfums during the 3rd quarter worth approximately $34,000. Aster Capital Management DIFC Ltd acquired a new position in Interparfums in the 3rd quarter worth $35,000. Advisory Services Network LLC bought a new position in Interparfums during the 3rd quarter worth about $40,000. GAMMA Investing LLC raised its stake in shares of Interparfums by 269.9% in 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 period. Finally, First Horizon Advisors Inc. boosted 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 buying an additional 156 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Interparfums Company Profile

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.