Louisiana State Employees Retirement System bought a new position in shares of Interparfums, Inc. (NASDAQ:IPAR – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,100 shares of the company’s stock, valued at approximately $736,000.
Other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in shares of Interparfums by 2.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,204 shares of the company’s stock worth $357,000 after buying an additional 100 shares in the last quarter. Osaic Holdings Inc. raised its stake in Interparfums by 1.6% in the second 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 last quarter. ProShare Advisors LLC increased its holdings in shares of Interparfums by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 3,564 shares of the company’s stock valued at $302,000 after acquiring an additional 107 shares in the last quarter. PNC Financial Services Group Inc. raised its position 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 purchasing an additional 110 shares during the last quarter. Finally, State of Wyoming boosted its stake in Interparfums by 23.0% in the 4th quarter. State of Wyoming now owns 600 shares of the company’s stock worth $51,000 after purchasing an additional 112 shares in the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Wall Street Zen downgraded Interparfums from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. TD Cowen began coverage on shares of Interparfums in a research report on Monday, June 1st. They set a “buy” rating and a $110.00 price target for the company. BWS Financial reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of Interparfums in a report on Wednesday, April 22nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Interparfums in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.
Interparfums Stock Up 1.0%
Shares of IPAR traded up $1.18 during mid-day trading on Tuesday, hitting $122.25. 18,298 shares of the company’s stock were exchanged, compared to its average volume of 265,458. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.05 and a current ratio of 3.26. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 23.20 and a beta of 1.13. The stock’s 50-day moving average is $96.82 and its 200-day moving average is $94.48. Interparfums, Inc. has a fifty-two week low of $77.21 and a fifty-two week high of $139.00.
Interparfums (NASDAQ:IPAR – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.21. The company had revenue of $344.89 million for the quarter, compared to analyst estimates of $345.00 million. Interparfums had a net margin of 11.32% and a return on equity of 15.47%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.32 EPS. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, sell-side analysts anticipate that Interparfums, Inc. will post 4.82 earnings per share for the current fiscal year.
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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