Interparfums (NASDAQ:IPAR) Receives Buy Rating from BWS Financial

Key Points

• BWS Financial reiterated a "buy" rating for Interparfums (NASDAQ:IPAR) with a target price of $172.00, indicating a potential upside of 72.02% from the last close.
• Interparfums' recent quarterly earnings showed a miss, reporting $0.99 EPS against an expected $1.10, with revenue of $333.94 million falling short of estimates.
• Institutional investors own 55.57% of Interparfums’ stock, with several firms increasing their stakes recently, indicating growing interest from institutional capital.

Interparfums (NASDAQ:IPAR - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at BWS Financial in a research note issued on Wednesday,Benzinga reports. They presently have a $172.00 target price on the stock. BWS Financial's target price points to a potential upside of 72.02% from the company's previous close.

Several other equities research analysts also recently commented on IPAR. Weiss Ratings restated a "hold (c)" rating on shares of Interparfums in a research note on Wednesday, October 8th. Canaccord Genuity Group restated a "buy" rating and issued a $168.00 target price on shares of Interparfums in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

Interparfums Stock Performance

Interparfums stock traded up $0.76 on Wednesday, hitting $99.99. The company's stock had a trading volume of 16,481 shares, compared to its average volume of 243,636. The firm has a market cap of $3.21 billion, a P/E ratio of 20.04 and a beta of 1.35. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $105.22 and a 200-day moving average price of $117.58. Interparfums has a one year low of $91.06 and a one year high of $148.15.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.11). The business had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The company's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. On average, equities analysts anticipate that Interparfums will post 5.14 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eukles Asset Management acquired a new position in Interparfums during the 1st quarter valued at about $30,000. Exchange Traded Concepts LLC acquired a new position in Interparfums during the 3rd quarter valued at about $34,000. First Horizon Advisors Inc. lifted its position in Interparfums by 71.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 375 shares of the company's stock valued at $49,000 after purchasing an additional 156 shares during the period. CWM LLC lifted its position in Interparfums by 29.4% during the 1st quarter. CWM LLC now owns 418 shares of the company's stock valued at $48,000 after purchasing an additional 95 shares during the period. Finally, Blue Trust Inc. lifted its position in Interparfums by 52.0% during the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock valued at $58,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 55.57% of the company's stock.

About Interparfums

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.

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