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

Stock analysts at Jefferies Financial Group began coverage on shares of Interparfums (NASDAQ:IPAR) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $112.00 price target on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 23.36% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Sanford C. Bernstein raised Interparfums to a “strong-buy” rating in a report on Tuesday, October 21st. Canaccord Genuity Group reiterated a “buy” rating and issued 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 price target for the company. in a research report on Friday, November 21st. Zacks Research lowered shares of Interparfums from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.14.

Interparfums Trading Up 3.4%

Shares of Interparfums stock opened at $90.79 on Wednesday. The firm’s 50 day moving average is $84.44 and its 200 day moving average is $102.08. The firm has a market capitalization of $2.91 billion, a PE ratio of 17.77 and a beta of 1.23. Interparfums has a 1 year low of $77.21 and a 1 year high of $148.15. The company has a current ratio of 3.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.13.

Interparfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 5th. The company reported $2.05 earnings per share 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 analyst estimates of $431.78 million. Interparfums had a net margin of 11.24% and a return on equity of 16.31%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $1.93 earnings per share. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. Equities research analysts forecast that Interparfums will post 5.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Westwood Holdings Group Inc. boosted its position in shares of Interparfums by 66.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company’s stock valued at $101,843,000 after purchasing an additional 310,712 shares in the last quarter. London Co. of Virginia acquired a new position in Interparfums in the second quarter valued at approximately $27,647,000. Millennium Management LLC boosted its holdings in shares of Interparfums by 823.0% during the 3rd quarter. Millennium Management LLC now owns 205,526 shares of the company’s stock worth $20,220,000 after buying an additional 183,258 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Interparfums by 249.3% during the 2nd quarter. Squarepoint Ops LLC now owns 225,907 shares of the company’s stock worth $29,664,000 after buying an additional 161,239 shares during the period. Finally, Man Group plc grew its position in shares of Interparfums by 572.8% during the 2nd quarter. Man Group plc now owns 187,058 shares of the company’s stock worth $24,563,000 after buying an additional 159,254 shares during the period. 55.57% of the stock is 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.