Jefferies Financial Group Issues Positive Forecast for Interparfums (NASDAQ:IPAR) Stock Price

Key Points

• Jefferies raised its Interparfums price target from $145 to $156 and maintained a Buy rating, implying about 15% upside from the stock’s current price.
• Analyst sentiment overall is more cautious: the consensus rating is Hold, with an average price target of $125.29, below the reported share price of $135.55.
• Interparfums reported quarterly EPS of $2.13, beating the $1.81 consensus estimate; revenue of $429.51 million slightly missed expectations and was down 0.1% year over year.

Interparfums (NASDAQ:IPAR - Get Free Report) had its price objective boosted by investment analysts at Jefferies Financial Group from $145.00 to $156.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price target would indicate a potential upside of 15.09% from the company's current price.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group lowered shares of 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. BWS Financial downgraded shares of Interparfums from a "neutral" rating to a "sell" rating and set a $85.00 price objective on the stock. in a report on Monday, August 17th. Berenberg Bank downgraded shares of Interparfums from a "buy" rating to a "hold" rating and set a $130.00 price objective on the stock. in a report on Friday, August 14th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Interparfums in a research report on Friday, October 2nd. Finally, Canaccord Genuity Group increased their target price on shares of Interparfums from $151.00 to $154.00 and gave the company a "buy" rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $125.29.

Interparfums Stock Performance

Shares of NASDAQ:IPAR traded up $0.27 during midday trading on Friday, hitting $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 market capitalization of $4.34 billion, a price-to-earnings ratio of 25.53 and a beta of 1.08. The stock's 50 day simple moving average is $115.09 and its 200 day simple moving average is $105.20. Interparfums has a fifty-two week low of $77.21 and a fifty-two week high of $136.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.00 and a current ratio of 3.31.

Interparfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.32. The business had revenue of $429.51 million during the quarter, compared to analysts' expectations of $430.00 million. Interparfums had a return on equity of 15.44% and a net margin of 11.33%. The firm's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 EPS. As a group, research analysts anticipate that Interparfums will post 4.85 earnings per share for the current year.

Insiders Place Their Bets

In other Interparfums news, Director Veronique Gabai-Pinsky sold 900 shares of the business's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $116.86, for a total value of $105,174.00. Following the sale, the director owned 900 shares of the company's stock, valued at $105,174. The trade was 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 owned by corporate insiders.

Hedge Funds Weigh In On Interparfums

A number of hedge funds and other institutional investors have recently made changes to their positions in IPAR. GAMMA Investing LLC boosted its position in Interparfums by 6.4% in the third quarter. GAMMA Investing LLC now owns 1,753 shares of the company's stock valued at $195,000 after buying an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Interparfums by 34.2% during the first quarter. EverSource Wealth Advisors LLC now owns 487 shares of the company's stock worth $44,000 after buying an additional 124 shares during the last quarter. Hohimer Wealth Management LLC grew its stake in Interparfums by 5.4% during the third quarter. Hohimer Wealth Management LLC now owns 2,420 shares of the company's stock worth $269,000 after buying an additional 124 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Interparfums by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 7,774 shares of the company's stock worth $863,000 after buying an additional 155 shares in the last quarter. Finally, Carolina Wealth Advisors LLC increased its holdings in shares of Interparfums by 7.9% during the third quarter. Carolina Wealth Advisors LLC now owns 2,327 shares of the company's stock worth $258,000 after buying an additional 170 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

Interparfums Company Profile

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.

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