Blue Trust Inc. Acquires 175 Shares of Interparfums, Inc. $IPAR

Blue Trust Inc. boosted its position in shares of Interparfums, Inc. (NASDAQ:IPAR) by 34.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 681 shares of the company’s stock after acquiring an additional 175 shares during the period. Blue Trust Inc.’s holdings in Interparfums were worth $89,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eukles Asset Management bought a new stake in Interparfums during the 1st quarter worth approximately $30,000. CWM LLC raised its stake in Interparfums by 29.4% during the 1st quarter. CWM LLC now owns 418 shares of the company’s stock worth $48,000 after acquiring an additional 95 shares during the period. Carolina Wealth Advisors LLC bought a new stake in Interparfums during the 2nd quarter worth approximately $76,000. New Age Alpha Advisors LLC bought a new stake in Interparfums during the 1st quarter worth approximately $104,000. Finally, Northwest & Ethical Investments L.P. raised its stake in Interparfums by 55.5% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 1,244 shares of the company’s stock worth $141,000 after acquiring an additional 444 shares during the period. Institutional investors own 55.57% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Interparfums in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Interparfums has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Interparfums Stock Up 2.5%

NASDAQ IPAR opened at $98.37 on Friday. 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 of $105.89 and a two-hundred day moving average of $117.65. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 19.71 and a beta of 1.35. Interparfums, Inc. has a 52 week low of $91.06 and a 52 week high of $148.15.

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

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.