Interparfums, Inc. $IPAR Shares Sold by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd lessened its stake in shares of Interparfums, Inc. (NASDAQ:IPAR) by 80.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 314 shares of the company’s stock after selling 1,261 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Interparfums were worth $41,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Interparfums by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 89,580 shares of the company’s stock valued at $10,200,000 after buying an additional 2,041 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Interparfums during the 1st quarter valued at $1,714,000. Envestnet Asset Management Inc. grew its holdings in Interparfums by 10.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 122,594 shares of the company’s stock valued at $13,960,000 after buying an additional 11,784 shares during the last quarter. Entropy Technologies LP acquired a new stake in Interparfums during the 1st quarter valued at $470,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in shares of Interparfums during the second quarter worth $12,701,000. Institutional investors and hedge funds own 55.57% of the company’s stock.

Wall Street Analysts Forecast Growth

IPAR has been the topic of several analyst reports. BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Interparfums in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Interparfums in a report on Saturday. Sanford C. Bernstein upgraded Interparfums to a “strong-buy” rating in a report on Tuesday, October 21st. Finally, Canaccord Genuity Group restated a “buy” rating and set a $168.00 price objective on shares of Interparfums in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $162.00.

Interparfums Price Performance

Shares of Interparfums stock opened at $96.49 on Friday. Interparfums, Inc. has a twelve month low of $91.06 and a twelve month high of $148.15. The stock has a market capitalization of $3.10 billion, a P/E ratio of 19.34 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 business’s fifty day moving average price is $104.17 and its 200 day moving average price is $117.52.

Interparfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.11). Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The firm had revenue of $333.94 million during the quarter, compared to analyst estimates of $357.58 million. During the same quarter in the previous year, the business posted $1.14 EPS. Interparfums’s revenue was down 2.3% compared to the same quarter last year. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, research analysts anticipate 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.