Zacks Research Downgrades Interparfums (NASDAQ:IPAR) to Strong Sell

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

Several other brokerages have also recently issued reports on IPAR. Weiss Ratings reiterated a “hold (c-)” rating on shares of Interparfums in a research note on Monday, December 29th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $123.00 price objective on shares of Interparfums in a report on Wednesday, November 19th. BWS Financial cut shares of Interparfums from a “buy” rating to a “neutral” rating and set a $85.00 target price on the stock. in a report on Friday, November 21st. Sanford C. Bernstein upgraded Interparfums to a “strong-buy” rating in a research report on Tuesday, October 21st. Finally, Berenberg Bank began coverage on shares of Interparfums in a research note on Friday, November 21st. They issued a “buy” rating and a $103.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Interparfums has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

Interparfums Stock Up 2.1%

Shares of NASDAQ IPAR opened at $87.48 on Monday. 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 $2.80 billion, a price-to-earnings ratio of 17.14 and a beta of 1.23. Interparfums has a 52-week low of $77.21 and a 52-week high of $148.15. The business’s 50 day moving average is $84.67 and its two-hundred day moving average is $103.76.

Interparfums (NASDAQ:IPAR) last posted its earnings results 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 analyst estimates of $431.78 million. Interparfums had a return on equity of 16.31% and a net margin of 11.24%.Interparfums’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.93 EPS. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. Research analysts predict that Interparfums will post 5.14 EPS for the current year.

Hedge Funds Weigh In On Interparfums

A number of institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in Interparfums during the third quarter worth about $34,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Interparfums in the 3rd quarter valued at about $35,000. Advisory Services Network LLC acquired a new position in Interparfums during the third quarter valued at approximately $40,000. GAMMA Investing LLC grew its stake in Interparfums by 269.9% during the fourth quarter. GAMMA Investing LLC now owns 529 shares of the company’s stock worth $45,000 after buying an additional 386 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Interparfums by 71.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock valued at $49,000 after acquiring an additional 156 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

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.