Interparfums (NASDAQ:IPAR) Upgraded at Zacks Research

Zacks Research upgraded shares of Interparfums (NASDAQ:IPAR) from a strong sell rating to a hold rating in a research note published on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on IPAR. Berenberg Bank started coverage on shares of Interparfums in a report on Friday, November 21st. They issued a “buy” rating and a $103.00 price target on the stock. Sanford C. Bernstein upgraded Interparfums to a “strong-buy” rating in a research report on Tuesday, October 21st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $123.00 price target on shares of Interparfums in a report on Wednesday, November 19th. BWS Financial reiterated a “neutral” rating and set a $85.00 price target on shares of Interparfums in a research report on Thursday, January 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $119.14.

Interparfums Stock Performance

NASDAQ IPAR opened at $100.25 on Monday. The firm has a market cap of $3.21 billion, a P/E ratio of 19.62 and a beta of 1.24. The company has a quick ratio of 1.99, a current ratio of 3.27 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $87.73 and its 200-day moving average is $97.98. Interparfums has a 12-month low of $77.21 and a 12-month high of $148.15.

Interparfums (NASDAQ:IPAR) last posted its earnings results on Wednesday, November 5th. The company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.16. Interparfums had a return on equity of 16.31% and a net margin of 11.24%.The firm had revenue of $429.58 million for the quarter, compared to the consensus estimate of $431.78 million. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.93 earnings per share. Sell-side analysts predict that Interparfums will post 5.14 earnings per share for the current year.

Institutional Investors Weigh In On Interparfums

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in shares of Interparfums during the third quarter valued at approximately $34,000. Aster Capital Management DIFC Ltd bought a new position in Interparfums in the 3rd quarter valued at approximately $35,000. First Horizon Advisors Inc. boosted its stake 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 last quarter. Advisory Services Network LLC purchased a new stake in Interparfums during the 3rd quarter valued at $40,000. Finally, Quarry LP increased its holdings in shares of Interparfums by 1,180.5% in the 3rd quarter. Quarry LP now owns 525 shares of the company’s stock worth $52,000 after purchasing an additional 484 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Interparfums Company Profile

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company’s core activities include fragrance creation, brand management and international logistics.