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

Interparfums (NASDAQ:IPAR)‘s stock had its “neutral” rating reiterated by equities researchers at BWS Financial in a report issued on Thursday,Benzinga reports. They presently have a $85.00 price objective on the stock. BWS Financial’s price target indicates a potential downside of 11.13% from the stock’s previous close.

A number of other research firms also recently commented on IPAR. Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a report on Monday, December 29th. Zacks Research lowered shares of Interparfums from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Berenberg Bank started coverage on shares of Interparfums in a research note on Friday, November 21st. They issued a “buy” rating and a $103.00 price objective for the company. Jefferies Financial Group started coverage on shares of Interparfums in a research report on Wednesday, January 14th. They set a “buy” rating and a $112.00 target price on the stock. Finally, Canaccord Genuity Group restated a “buy” rating and set a $123.00 target price on shares of Interparfums in a report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $119.14.

Interparfums Stock Up 0.4%

Shares of IPAR traded up $0.41 during trading hours on Thursday, reaching $95.65. The company’s stock had a trading volume of 118,499 shares, compared to its average volume of 223,262. The company has a 50 day moving average of $85.99 and a two-hundred day moving average of $99.16. The company has a quick ratio of 1.99, a current ratio of 3.27 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 18.74 and a beta of 1.23. Interparfums has a 1-year low of $77.21 and a 1-year high of $148.15.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 11.24% and a return on equity of 16.31%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 earnings per share. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. As a group, research analysts predict that Interparfums will post 5.14 EPS for the current fiscal year.

Institutional Trading of Interparfums

A number of hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC bought a new stake in shares of Interparfums in the 3rd quarter valued at approximately $34,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Interparfums in the 3rd quarter valued at $35,000. First Horizon Advisors Inc. increased its position in shares of Interparfums by 71.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock worth $49,000 after purchasing an additional 156 shares in the last quarter. Advisory Services Network LLC bought a new position in Interparfums during the 3rd quarter valued at about $40,000. Finally, Quarry LP boosted its position in Interparfums by 1,180.5% in the third quarter. Quarry LP now owns 525 shares of the company’s stock valued at $52,000 after buying an additional 484 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

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.