Jacobs Levy Equity Management Inc. Takes Position in Interparfums, Inc. $IPAR

Key Points

• Jacobs Levy Equity Management Inc. acquired a new stake of 54,760 shares in Interparfums, Inc., valued at approximately $6.24 million, representing about 0.17% ownership of the company.
• Interparfums reported a Q2 earnings miss with EPS of $0.99, below the analysts' expectation of $1.10, and experienced a year-over-year revenue decline of 2.3%.
• Despite the earnings miss, institutional investors hold 55.57% of Interparfums stock, indicating strong institutional interest in the company.

Jacobs Levy Equity Management Inc. acquired a new position in Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 54,760 shares of the company's stock, valued at approximately $6,236,000. Jacobs Levy Equity Management Inc. owned 0.17% of Interparfums as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Eukles Asset Management acquired a new position in Interparfums during the 1st quarter valued at about $30,000. CWM LLC increased its stake in Interparfums by 29.4% during the 1st quarter. CWM LLC now owns 418 shares of the company's stock valued at $48,000 after buying an additional 95 shares during the period. Blue Trust Inc. increased its stake in Interparfums by 52.0% during the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock valued at $58,000 after buying an additional 173 shares during the period. New Age Alpha Advisors LLC acquired a new position in Interparfums during the 1st quarter valued at about $104,000. Finally, CX Institutional acquired a new position in Interparfums during the 1st quarter valued at about $117,000. Institutional investors and hedge funds own 55.57% of the company's stock.

Insider Buying and Selling

In other news, Director Gilbert Harrison sold 400 shares of the firm's 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 completion of the transaction, the director owned 1,550 shares in the company, valued at approximately $207,638. This trade represents a 20.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 43.70% of the company's stock.

Interparfums Price Performance

Interparfums stock traded down $1.82 during trading hours on Friday, hitting $106.71. 263,556 shares of the company traded hands, compared to its average volume of 225,241. The firm has a market cap of $3.43 billion, a P/E ratio of 21.38 and a beta of 1.44. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14. The firm's 50-day simple moving average is $120.38 and its two-hundred day simple moving average is $122.26. Interparfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.11). The company had revenue of $333.94 million for the quarter, compared to analyst estimates of $357.58 million. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, analysts forecast that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

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.