Interparfums (NASDAQ:IPAR) Stock Gets Price Target Increase from Jefferies Financial Group

Interparfums (NASDAQ:IPAR) had its price objective boosted by Jefferies Financial Group from $145.00 to $156.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group‘s target price points to a potential upside of 15.09% from the company’s previous close.

A number of other brokerages have also issued reports on IPAR. Zacks Research upgraded shares of Interparfums from a “strong sell” rating to a “hold” rating in a research report on Monday, October 26th. Canaccord Genuity Group lifted their target price on Interparfums from $151.00 to $154.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen downgraded shares of Interparfums from a “buy” rating to a “hold” rating and boosted their price target for the stock from $110.00 to $120.00 in a research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interparfums in a report on Friday, October 2nd. Finally, BWS Financial cut Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 target price on the stock. in a report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Interparfums presently has an average rating of “Hold” and an average target price of $125.29.

Interparfums Price Performance

Shares of Interparfums stock traded up $0.27 during trading on Friday, reaching $135.55. The company’s stock had a trading volume of 308,978 shares, compared to its average volume of 259,600. The stock has a 50-day moving average price of $115.09 and a two-hundred day moving average price of $105.20. The stock has a market capitalization of $4.34 billion, a P/E ratio of 25.53 and a beta of 1.08. The company has a current ratio of 3.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.09. Interparfums has a one year low of $77.21 and a one year high of $136.52.

Interparfums (NASDAQ:IPAR) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.32. The firm had revenue of $429.51 million for the quarter, compared to analyst estimates of $430.00 million. Interparfums had a net margin of 11.33% and a return on equity of 15.44%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.05 EPS. As a group, sell-side analysts anticipate that Interparfums will post 4.85 EPS for the current fiscal year.

Insider Activity at Interparfums

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the firm’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 sale, the director owned 900 shares of the company’s stock, valued at approximately $105,174. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 43.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPAR. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Interparfums in the second quarter worth about $1,157,000. Tidal Investments LLC acquired a new stake in shares of Interparfums during the second quarter worth about $1,047,000. Squarepoint Ops LLC raised its position in shares of Interparfums by 1,450.1% during the second 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 during the period. Public Employees Retirement System of Ohio bought a new position in shares of Interparfums during the 2nd quarter valued at about $3,027,000. Finally, Odyssean LLC lifted its holdings in shares of Interparfums by 87.0% during the 2nd quarter. Odyssean LLC now owns 29,208 shares of the company’s stock valued at $3,267,000 after purchasing an additional 13,592 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

About Interparfums

Interparfums, Inc (NASDAQ: IPAR) develops, manufactures and distributes prestige fragrances and related beauty products. The company operates primarily through licensing agreements with fashion, luxury and lifestyle brands, creating perfumes, colognes, body products and other fragrance-related offerings for men and women.

Its portfolio has included internationally recognized names such as Montblanc, Jimmy Choo, Coach, Kate Spade New York, Rochas, Boucheron, Van Cleef & Arpels, Oscar de la Renta and Karl Lagerfeld, although brand relationships and licensing arrangements may change over time.