Interparfums (NASDAQ:IPAR) Cut to Strong Sell at Zacks Research

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

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

Interparfums Stock Down 1.8%

IPAR stock opened at $109.99 on Monday. 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’s 50-day moving average price is $118.58 and its 200 day moving average price is $103.58. Interparfums has a 52 week low of $77.21 and a 52 week high of $129.29. The company has a market cap of $3.52 billion, a P/E ratio of 21.03 and a beta of 1.12.

Interparfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.95. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The company had revenue of $341.04 million during the quarter, compared to analysts’ expectations of $341.00 million. During the same period last year, the company posted $0.99 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, research analysts expect that Interparfums will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Interparfums

In other news, Director Veronique Gabai-Pinsky sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $116.86, for a total transaction of $105,174.00. Following the completion of the transaction, the director directly owned 900 shares of the company’s stock, valued at $105,174. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 43.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Interparfums

Large investors have recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Interparfums during the second quarter worth $1,157,000. Principal Financial Group Inc. lifted its position in shares of Interparfums by 20.7% in the first quarter. Principal Financial Group Inc. now owns 105,505 shares of the company’s stock valued at $9,584,000 after acquiring an additional 18,098 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Interparfums during the second quarter valued at $3,027,000. London Co. of Virginia boosted its stake in shares of Interparfums by 21.6% during the first quarter. London Co. of Virginia now owns 188,043 shares of the company’s stock valued at $17,082,000 after acquiring an additional 33,359 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in 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 purchasing an additional 49,302 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

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.