54,760 Shares in Interparfums, Inc. $IPAR Acquired by Jacobs Levy Equity Management Inc.

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 shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 54,760 shares of the company's stock, valued at approximately $6,236,000. Jacobs Levy Equity Management Inc. owned about 0.17% of Interparfums as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC lifted its stake in shares of Interparfums by 29.4% in the 1st quarter. CWM LLC now owns 418 shares of the company's stock valued at $48,000 after purchasing an additional 95 shares during the period. Cetera Investment Advisers lifted its stake in shares of Interparfums by 1.7% in the 4th quarter. Cetera Investment Advisers now owns 5,796 shares of the company's stock valued at $762,000 after purchasing an additional 96 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Interparfums by 5.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,823 shares of the company's stock valued at $208,000 after purchasing an additional 98 shares during the period. Sherbrooke Park Advisers LLC lifted its stake in shares of Interparfums by 6.1% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 2,249 shares of the company's stock valued at $296,000 after purchasing an additional 130 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of Interparfums by 1.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 9,623 shares of the company's stock valued at $1,096,000 after purchasing an additional 156 shares during the period. Institutional investors own 55.57% of the company's stock.

Insider Activity

In other news, Director Gilbert Harrison sold 400 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $133.96, for a total value of $53,584.00. Following the transaction, the director directly owned 1,550 shares of the company's stock, valued at $207,638. The trade was a 20.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 43.70% of the stock is owned by corporate insiders.

Interparfums Trading Down 1.7%

Shares of NASDAQ:IPAR traded down $1.82 during midday trading on Friday, reaching $106.71. The company's stock had a trading volume of 263,556 shares, compared to its average volume of 223,959. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 21.38 and a beta of 1.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.69 and a current ratio of 2.96. The firm has a 50 day moving average price of $120.38 and a two-hundred day moving average price of $122.39. Interparfums, Inc. has a fifty-two week low of $97.65 and a fifty-two week high of $148.15.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($0.11). The business had revenue of $333.94 million during 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 revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share. 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 year.

About Interparfums

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.