Teacher Retirement System of Texas Makes New Investment in Interparfums, Inc. (NASDAQ:IPAR)

Teacher Retirement System of Texas purchased a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 44,909 shares of the company's stock, valued at approximately $5,114,000. Teacher Retirement System of Texas owned about 0.14% of Interparfums at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Interparfums by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company's stock worth $269,677,000 after acquiring an additional 20,721 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Interparfums by 10.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company's stock worth $147,913,000 after acquiring an additional 108,321 shares during the last quarter. American Century Companies Inc. grew its holdings in Interparfums by 23.3% during the 4th quarter. American Century Companies Inc. now owns 453,993 shares of the company's stock worth $59,705,000 after acquiring an additional 85,871 shares during the last quarter. Invesco Ltd. grew its holdings in Interparfums by 4.1% during the 4th quarter. Invesco Ltd. now owns 362,518 shares of the company's stock worth $47,675,000 after acquiring an additional 14,254 shares during the last quarter. Finally, Westwood Holdings Group Inc. bought a new stake in Interparfums during the 4th quarter worth approximately $46,649,000. 55.57% of the stock is owned by institutional investors.

Interparfums Stock Down 0.6%

Shares of Interparfums stock traded down $0.87 during trading on Friday, reaching $135.62. 147,313 shares of the company traded hands, compared to its average volume of 192,177. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 1.68. Interparfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15. The company has a 50 day moving average price of $131.70 and a 200-day moving average price of $127.83. The firm has a market capitalization of $4.36 billion, a PE ratio of 26.39 and a beta of 1.36.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.19. The firm had revenue of $339.00 million for the quarter, compared to the consensus estimate of $329.21 million. Interparfums had a net margin of 11.30% and a return on equity of 17.62%. The business's revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.27 earnings per share. As a group, equities research analysts expect that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IPAR. Piper Sandler reaffirmed an "overweight" rating and issued a $138.00 price objective (down from $169.00) on shares of Interparfums in a research note on Thursday, April 24th. DA Davidson reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Interparfums in a research note on Tuesday, March 25th. Finally, BWS Financial reaffirmed a "buy" rating and issued a $172.00 price objective on shares of Interparfums in a research note on Wednesday, May 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $157.60.

Insider Activity at Interparfums

In related news, VP Philippe Santi sold 1,000 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total transaction of $139,230.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gilbert Harrison sold 400 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $133.96, for a total transaction of $53,584.00. Following the transaction, the director owned 1,550 shares of the company's stock, valued at approximately $207,638. The trade was a 20.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,900 shares of company stock worth $376,039. 43.90% of the stock is owned by company insiders.

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.