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

Research analysts at Jefferies Financial Group started coverage on shares of Interparfums (NASDAQ:IPAR) in a note issued to investors on Wednesday, Marketbeat reports. The firm 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 company’s current price.

A number of other equities analysts have also weighed in on the company. Zacks Research lowered Interparfums from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Interparfums in a research report on Monday, December 29th. UBS Group set a $103.00 target price on shares of Interparfums in a research report on Friday, November 21st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $123.00 price target on shares of Interparfums in a research report on Wednesday, November 19th. Finally, Berenberg Bank began coverage on shares of Interparfums in a report on Friday, November 21st. They issued a “buy” rating and a $103.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Interparfums has an average rating of “Moderate Buy” and a consensus price target of $119.14.

Interparfums Price Performance

NASDAQ:IPAR opened at $90.79 on Wednesday. The firm’s fifty day moving average price is $84.44 and its two-hundred day moving average price is $102.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.27 and a quick ratio of 1.99. The company has a market cap of $2.91 billion, a P/E ratio of 17.77 and a beta of 1.23. Interparfums has a one year low of $77.21 and a one year high of $148.15.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.16. The business 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%. Interparfums’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 EPS. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. Equities analysts expect that Interparfums will post 5.14 earnings per share for the current year.

Hedge Funds Weigh In On Interparfums

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of Interparfums by 8.7% during the 1st quarter. Royal Bank of Canada now owns 55,923 shares of the company’s stock worth $6,368,000 after acquiring an additional 4,453 shares during the period. AQR Capital Management LLC lifted its stake in Interparfums by 61.7% during the first quarter. AQR Capital Management LLC now owns 2,923 shares of the company’s stock worth $333,000 after purchasing an additional 1,115 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Interparfums by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,848 shares of the company’s stock worth $1,235,000 after purchasing an additional 476 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Interparfums by 2.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 138,977 shares of the company’s stock valued at $15,825,000 after purchasing an additional 3,684 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new position in shares of Interparfums in the 2nd quarter valued at $201,000. 55.57% of the stock is owned by institutional investors.

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.