153,584 Interparfums, Inc. $IPAR Shares Sold by Mawer Investment Management Ltd.

Key Points

• Mawer Investment Management cut its Interparfums stake by 39.8%, selling 153,584 shares in the third quarter; it retained 232,506 shares valued at about $25.8 million.
• Interparfums reported quarterly EPS of $2.13, beating the $1.81 consensus estimate, while revenue of $429.51 million was slightly below expectations and down 0.1% year over year.
• Analyst views were mostly cautious: the consensus rating was Hold, with a $125.29 average price target; shares were reported at $133.37.

Mawer Investment Management Ltd. decreased its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 39.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 232,506 shares of the company's stock after selling 153,584 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.73% of Interparfums worth $25,799,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Interparfums in the 2nd quarter valued at $326,252,000. Bank of New York Mellon Corp bought a new stake in Interparfums in the second quarter worth $35,603,000. Bank of America Corp DE acquired a new position in Interparfums during the second quarter worth $31,320,000. First Trust Advisors LP increased its position in Interparfums by 19.3% during the first quarter. First Trust Advisors LP now owns 879,005 shares of the company's stock worth $79,849,000 after buying an additional 142,223 shares during the last quarter. Finally, PDT Partners LLC acquired a new position in Interparfums during the second quarter worth $13,379,000. Institutional investors own 55.57% of the company's stock.

Insider Transactions at Interparfums

In other Interparfums news, Director Veronique Gabai-Pinsky sold 900 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $116.86, for a total transaction of $105,174.00. Following the completion of the sale, the director directly owned 900 shares in the company, valued at $105,174. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 43.60% of the stock is owned by company insiders.

Interparfums Stock Performance

Shares of Interparfums stock traded up $2.60 on Friday, reaching $133.37. The stock had a trading volume of 221,693 shares, compared to its average volume of 245,614. The business's 50-day moving average price is $117.18 and its two-hundred day moving average price is $106.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 3.33. Interparfums, Inc. has a fifty-two week low of $77.21 and a fifty-two week high of $138.13. The stock has a market cap of $4.27 billion, a P/E ratio of 25.12 and a beta of 1.08.

Interparfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.32. Interparfums had a net margin of 11.33% and a return on equity of 15.43%. The business had revenue of $429.51 million during the quarter, compared to the consensus estimate of $430.00 million. During the same period in the prior year, the firm earned $2.05 EPS. Interparfums's quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Interparfums, Inc. will post 4.85 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Jefferies Financial Group raised their target price on Interparfums from $145.00 to $156.00 and gave the company a "buy" rating in a report on Friday, November 6th. BWS Financial downgraded Interparfums from a "neutral" rating to a "sell" rating and set a $85.00 price target for the company. in a research note on Monday, August 17th. Weiss Ratings raised Interparfums from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, November 9th. TD Cowen lowered Interparfums from a "buy" rating to a "hold" rating and increased their price objective for the company from $110.00 to $120.00 in a report on Monday, August 10th. Finally, Berenberg Bank downgraded Interparfums from a "buy" rating to a "hold" rating and set a $130.00 price objective on the stock. in a research note on Friday, August 14th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $125.29.

Interparfums Company Profile

Interparfums, Inc. develops, markets and distributes prestige fragrances and related beauty products. Its offerings include perfumes, colognes and fragrance-related products created with fashion, luxury and lifestyle brands. Founded in 1982 by Jean Madar and Philippe Benacin, the company has built a portfolio through licensing agreements and brand ownership. Its fragrance brands have included Coach, Jimmy Choo, Montblanc and Lacoste; its portfolio can change as licensing agreements begin or end.

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