Interparfums (NASDAQ:IPAR) Price Target Lowered to $125.00 at Jefferies Financial Group

Interparfums (NASDAQ:IPAR) had its target price decreased by Jefferies Financial Group from $150.00 to $125.00 in a report released on Tuesday morning, MarketBeat.com reports. Jefferies Financial Group currently has a buy rating on the stock.

IPAR has been the topic of a number of other reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $168.00 price objective on shares of Interparfums in a research note on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interparfums in a research note on Wednesday, October 8th. BWS Financial reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Interparfums in a research note on Wednesday, October 22nd. Finally, Sanford C. Bernstein upgraded shares of Interparfums to a “strong-buy” rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Interparfums presently has an average rating of “Buy” and a consensus target price of $154.60.

Interparfums Price Performance

Shares of IPAR stock opened at $95.91 on Tuesday. Interparfums has a 52-week low of $91.06 and a 52-week high of $148.15. The stock has a market cap of $3.08 billion, a PE ratio of 19.22 and a beta of 1.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.69 and a current ratio of 2.96. The firm’s 50 day moving average price is $103.51 and its two-hundred day moving average price is $117.44.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.11). Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The business had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. During the same period in the previous year, the business posted $1.14 earnings per share. Interparfums’s revenue was down 2.3% compared to the same quarter last year. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, analysts forecast that Interparfums will post 5.14 EPS for the current year.

Institutional Investors Weigh In On Interparfums

Several hedge funds have recently bought and sold shares of IPAR. Charles Schwab Investment Management Inc. raised its holdings in Interparfums by 251.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock worth $79,645,000 after purchasing an additional 500,378 shares during the period. Westwood Holdings Group Inc. raised its holdings in shares of Interparfums by 66.8% during the second quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company’s stock worth $101,843,000 after acquiring an additional 310,712 shares during the period. London Co. of Virginia acquired a new stake in shares of Interparfums during the second quarter worth $27,647,000. Squarepoint Ops LLC raised its holdings in shares of Interparfums by 249.3% during the second quarter. Squarepoint Ops LLC now owns 225,907 shares of the company’s stock worth $29,664,000 after acquiring an additional 161,239 shares during the period. Finally, Man Group plc raised its holdings in shares of Interparfums by 572.8% during the second quarter. Man Group plc now owns 187,058 shares of the company’s stock worth $24,563,000 after acquiring an additional 159,254 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

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.