Canaccord Genuity Group Cuts Interparfums (NASDAQ:IPAR) Price Target to $123.00

Interparfums (NASDAQ:IPAR) had its target price trimmed by Canaccord Genuity Group from $168.00 to $123.00 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on IPAR. Sanford C. Bernstein upgraded shares of Interparfums to a “strong-buy” rating in a research note on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Interparfums in a research note on Wednesday, October 8th. BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Interparfums in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group dropped their target price on shares of Interparfums from $150.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Interparfums has an average rating of “Buy” and a consensus price target of $145.60.

Interparfums Price Performance

NASDAQ IPAR opened at $87.38 on Friday. The business’s fifty day moving average is $99.49 and its 200 day moving average is $116.65. Interparfums has a fifty-two week low of $86.50 and a fifty-two week high of $148.15. 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 company has a market capitalization of $2.80 billion, a PE ratio of 17.51 and a beta of 1.39.

Interparfums (NASDAQ:IPAR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.16. Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The business had revenue of $429.58 million during the quarter, compared to analysts’ expectations of $431.78 million. During the same quarter in the prior year, the business posted $1.93 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. Sell-side analysts predict that Interparfums will post 5.14 earnings per share for the current year.

Institutional Trading of Interparfums

A number of institutional investors and hedge funds have recently bought and sold shares of IPAR. Exchange Traded Concepts LLC bought a new position in shares of Interparfums during the 3rd quarter valued at about $34,000. CWM LLC boosted its stake in Interparfums by 29.4% during the first quarter. CWM LLC now owns 418 shares of the company’s stock valued at $48,000 after buying an additional 95 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Interparfums by 71.2% during the second quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock valued at $49,000 after buying an additional 156 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in Interparfums during the 2nd quarter valued at approximately $76,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Interparfums in the 2nd quarter worth approximately $84,000. 55.57% of the stock is currently owned by institutional investors.

Interparfums Company Profile

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.