BWS Financial analyst Hamed Khorsand maintained a Buy rating on Inter Parfums (IPAR – Research Report) today and set a price target of $172.00.
Hamed Khorsand’s rating is based on a comprehensive analysis of Inter Parfums’ recent financial performance and strategic initiatives. Despite facing shipment delays that impacted sales figures, Inter Parfums has maintained strong consumer demand for its fragrances. The company’s proactive efforts to replenish sold-out products quickly and increase inventory in anticipation of seasonal demand demonstrate efficient operations and market responsiveness. Khorsand recognizes these elements as indicators of the company’s robust business model, which supports the Buy rating.
Moreover, Khorsand takes into account the strategic changes in Inter Parfums’ marketing efforts, particularly the increased early-year spending to enhance the visibility of its product lineup, which now includes new brand licenses such as Lacoste and Roberto Cavalli. He believes that the integration of these brands is not only a positive addition but also part of a broader narrative that bolsters the investment case for Inter Parfums. The company’s ability to innovate and expand its portfolio while maintaining a strong market presence underlies Khorsand’s optimistic outlook and Buy recommendation for IPAR.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IPAR in relation to earlier this year.
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Inter Parfums (IPAR) Company Description:
Inter Parfums, Inc. engages in the business of manufacturing, marketing and distributing wide array of fragrances and related products. It operates through following segments: European Based Operations and United States Based Operations. The European Based Operations segment conducts primarily in France. The United States Based Operations segment includes the sale of prestige brand name fragrances. Its brands include Abercrombie & Fitch, Anna Sui, Bebe, Coach, Dunhill, Hollister, Jimmy Choo, Montblanc, Paul Smith, Repetto and other. The company was founded by Jean Madar and Philippe Benacin in May 1985 and is headquartered in New York, NY.
