Man Group plc acquired a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 52,748 shares of the company’s stock, valued at approximately $5,900,000. Man Group plc owned about 0.16% of Interparfums as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Interparfums in the second quarter worth approximately $326,252,000. Vanguard Group Inc. raised its stake in Interparfums by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock valued at $183,554,000 after buying an additional 62,832 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Interparfums by 19.3% during the 1st quarter. First Trust Advisors LP now owns 879,005 shares of the company’s stock valued at $79,849,000 after buying an additional 142,223 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Interparfums by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 796,189 shares of the company’s stock valued at $72,326,000 after buying an additional 20,146 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Interparfums by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 753,469 shares of the company’s stock worth $63,917,000 after buying an additional 23,767 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.
Interparfums Stock Up 0.4%
Shares of IPAR opened at $117.78 on Friday. The business’s 50 day moving average is $117.89 and its 200 day moving average is $102.52. The company has a current ratio of 3.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.09. Interparfums, Inc. has a 12-month low of $77.21 and a 12-month high of $129.29. The company has a market capitalization of $3.77 billion, a PE ratio of 22.52 and a beta of 1.11.
Insider Activity at Interparfums
In other news, Director Veronique Gabai-Pinsky sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $116.86, for a total value of $105,174.00. Following the completion of the sale, the director directly owned 900 shares of the company’s stock, valued at $105,174. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 43.60% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. TD Cowen lowered shares of Interparfums from a “buy” rating to a “hold” rating and upped their price target for the company from $110.00 to $120.00 in a research report on Monday, August 10th. Berenberg Bank downgraded shares of Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a report on Friday, August 14th. Jefferies Financial Group boosted their target price on shares of Interparfums from $115.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Canaccord Genuity Group boosted their target price on shares of Interparfums from $141.00 to $151.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group downgraded shares of Interparfums from a “buy” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $129.00 in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $123.29.
Read Our Latest Report on Interparfums
Interparfums Profile
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.
See Also
- Five stocks we like better than Interparfums
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for Interparfums Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interparfums and related companies with MarketBeat.com's FREE daily email newsletter.
