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

Key Points

• Zacks Research downgraded Interparfums to “strong sell” from “hold,” while the broader analyst consensus remains “hold” with an average price target of $123.29.
• Interparfums reported quarterly EPS of $0.95 and revenue of $341.04 million, both essentially in line with expectations; revenue increased 2.1% year over year.
• The stock opened at $109.99, below its 52-week high of $129.29. An Interparfums director sold 900 shares, while institutional ownership stood at 55.57%.

Interparfums (NASDAQ:IPAR - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Monday, Zacks reports.

Several other research firms also recently issued reports on IPAR. TD Cowen downgraded shares of Interparfums from a "buy" rating to a "hold" rating and upped their price objective for the company from $110.00 to $120.00 in a research note on Monday, August 10th. Berenberg Bank cut Interparfums from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a research report on Friday, August 14th. The Goldman Sachs Group downgraded Interparfums from a "buy" rating to a "neutral" rating and boosted their target price for the company from $110.00 to $129.00 in a report on Monday, August 10th. BWS Financial downgraded Interparfums from a "neutral" rating to a "sell" rating and set a $85.00 target price for the company. in a report on Monday, August 17th. Finally, Jefferies Financial Group upped their target price on Interparfums from $115.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $123.29.

Interparfums Stock Performance

Shares of Interparfums stock opened at $109.99 on Monday. The firm has a market capitalization of $3.52 billion, a P/E ratio of 21.03 and a beta of 1.12. Interparfums has a 52 week low of $77.21 and a 52 week high of $129.29. The company has a quick ratio of 2.00, a current ratio of 3.31 and a debt-to-equity ratio of 0.09. The firm's 50 day moving average is $118.58 and its two-hundred day moving average is $103.58.

Interparfums (NASDAQ:IPAR - Get Free Report) 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. The business had revenue of $341.04 million during the quarter, compared to the consensus estimate of $341.00 million. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The company's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Research analysts forecast that Interparfums will post 4.85 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the stock in a transaction 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 sale, the director owned 900 shares in the company, valued at $105,174. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 43.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Interparfums

A number of institutional investors and hedge funds have recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Interparfums in the 2nd quarter valued at approximately $1,157,000. Principal Financial Group Inc. raised its stake in shares of Interparfums by 20.7% during the 1st quarter. Principal Financial Group Inc. now owns 105,505 shares of the company's stock worth $9,584,000 after buying an additional 18,098 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Interparfums during the 2nd quarter worth approximately $3,027,000. London Co. of Virginia lifted its holdings in shares of Interparfums by 21.6% in the 1st quarter. London Co. of Virginia now owns 188,043 shares of the company's stock valued at $17,082,000 after buying an additional 33,359 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in shares of Interparfums by 1,450.1% in the 2nd quarter. Squarepoint Ops LLC now owns 52,702 shares of the company's stock valued at $5,895,000 after buying an additional 49,302 shares during the period. 55.57% of the stock is owned by hedge funds and other 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.

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