US Bancorp DE Sells 1,887 Shares of Interparfums, Inc. $IPAR

US Bancorp DE lessened its holdings in Interparfums, Inc. (NASDAQ:IPAR) by 21.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,062 shares of the company’s stock after selling 1,887 shares during the quarter. US Bancorp DE’s holdings in Interparfums were worth $927,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Interparfums by 2.3% in the first quarter. Principal Financial Group Inc. now owns 89,580 shares of the company’s stock valued at $10,200,000 after acquiring an additional 2,041 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Interparfums in the first quarter valued at about $1,714,000. Envestnet Asset Management Inc. raised its stake in Interparfums by 10.6% in the first quarter. Envestnet Asset Management Inc. now owns 122,594 shares of the company’s stock valued at $13,960,000 after purchasing an additional 11,784 shares in the last quarter. Entropy Technologies LP acquired a new position in Interparfums in the first quarter valued at about $470,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Interparfums by 251.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock valued at $79,645,000 after purchasing an additional 500,378 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interparfums in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Interparfums has an average rating of “Moderate Buy” and an average target price of $162.00.

Interparfums Stock Performance

NASDAQ:IPAR opened at $98.37 on Friday. The stock has a market cap of $3.16 billion, a P/E ratio of 19.71 and a beta of 1.35. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average is $105.89 and its 200-day moving average is $117.65. Interparfums, Inc. has a 1-year low of $91.06 and a 1-year high of $148.15.

Interparfums (NASDAQ:IPAR) last released its quarterly 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). The firm had revenue of $333.94 million for the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Equities research analysts anticipate that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Interparfums 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.