Interparfums (NASDAQ:IPAR) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Interparfums (NASDAQ:IPAR) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks reports.

A number of other analysts also recently issued reports on the company. TD Cowen downgraded Interparfums from a “buy” rating to a “hold” rating and raised their price target for the stock from $110.00 to $120.00 in a research report on Monday, August 10th. Berenberg Bank cut shares of Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a research report on Friday, August 14th. The Goldman Sachs Group lowered shares of Interparfums from a “buy” rating to a “neutral” rating and raised their target price for the stock from $110.00 to $129.00 in a report on Monday, August 10th. Jefferies Financial Group raised their target price on shares of Interparfums from $115.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings raised shares of Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Interparfums currently has an average rating of “Hold” and an average price target of $123.29.

Interparfums Stock Down 1.8%

Shares of NASDAQ:IPAR opened at $109.99 on Monday. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 21.03 and a beta of 1.12. Interparfums has a 12 month low of $77.21 and a 12 month high of $129.29. The company has a current ratio of 3.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $118.58 and a 200 day moving average price of $103.58.

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

Insider Transactions at Interparfums

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $116.86, for a total transaction of $105,174.00. Following the completion of the transaction, the director owned 900 shares in the company, valued at $105,174. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 43.60% of the stock is currently owned by insiders.

Institutional Trading of Interparfums

Several institutional investors and hedge funds have recently made changes to their positions in the business. Tidal Investments LLC purchased a new position in Interparfums during the 2nd quarter worth $1,047,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Interparfums in the 2nd quarter worth $50,000. Squarepoint Ops LLC grew its position in shares of Interparfums by 1,450.1% during the 2nd quarter. Squarepoint Ops LLC now owns 52,702 shares of the company’s stock worth $5,895,000 after buying an additional 49,302 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of Interparfums by 12.4% during the 2nd quarter. Baird Financial Group Inc. now owns 3,840 shares of the company’s stock worth $430,000 after buying an additional 424 shares in the last quarter. Finally, Nykredit A S purchased a new position in shares of Interparfums during the second quarter valued at $69,000. 55.57% of the stock is currently owned by institutional investors.

Interparfums Company Profile

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.