Cynosure Group LLC grew its stake in Interparfums, Inc. (NASDAQ:IPAR – Free Report) by 236.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,638 shares of the company’s stock after buying an additional 6,772 shares during the quarter. Cynosure Group LLC’s holdings in Interparfums were worth $818,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its stake in shares of Interparfums by 2.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,204 shares of the company’s stock valued at $357,000 after buying an additional 100 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Interparfums by 1.6% in the 2nd quarter. Osaic Holdings Inc. now owns 6,583 shares of the company’s stock valued at $865,000 after buying an additional 106 shares during the period. ProShare Advisors LLC boosted its stake in shares of Interparfums by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 3,564 shares of the company’s stock valued at $302,000 after buying an additional 107 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Interparfums by 4.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,642 shares of the company’s stock valued at $224,000 after buying an additional 110 shares during the period. Finally, State of Wyoming boosted its stake in shares of Interparfums by 23.0% in the 4th quarter. State of Wyoming now owns 600 shares of the company’s stock valued at $51,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 55.57% of the company’s stock.
Insiders Place Their Bets
In other Interparfums news, CEO Jean Madar sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $91.02, for a total value of $1,820,400.00. Following the completion of the sale, the chief executive officer owned 7,066,341 shares in the company, valued at approximately $643,178,357.82. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 43.70% of the company’s stock.
Interparfums Price Performance
Interparfums (NASDAQ:IPAR – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.21. Interparfums had a return on equity of 15.47% and a net margin of 11.32%.The company had revenue of $344.89 million during the quarter, compared to analysts’ expectations of $345.00 million. During the same quarter in the previous year, the business earned $1.32 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, research analysts forecast that Interparfums, Inc. will post 4.82 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. TD Cowen started coverage on Interparfums in a research note on Monday, June 1st. They issued a “buy” rating and a $110.00 price objective for the company. BWS Financial restated a “neutral” rating and set a $85.00 target price on shares of Interparfums in a research note on Wednesday, April 22nd. Wall Street Zen cut Interparfums from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.
View Our Latest Report on Interparfums
About Interparfums
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.
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