Acadian Asset Management LLC Sells 15,801 Shares of Interparfums, Inc. $IPAR

Key Points

• Acadian Asset Management LLC reduced its stake in Interparfums, Inc. by 33.1%, selling 15,801 shares and owning about 0.10% of the company worth $3.6 million.
• Interparfums reported earnings of $0.99 per share for the last quarter, which fell short of analysts' expectations of $1.10, and experienced a 2.3% year-over-year revenue decline.
• Several hedge funds, including Charles Schwab Investment Management and MetLife Investment Management, significantly increased their holdings in Interparfums during the first quarter.

Acadian Asset Management LLC lowered its stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 33.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,960 shares of the company's stock after selling 15,801 shares during the quarter. Acadian Asset Management LLC owned about 0.10% of Interparfums worth $3,638,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of IPAR. Charles Schwab Investment Management Inc. boosted its position in shares of Interparfums by 251.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock valued at $79,645,000 after acquiring an additional 500,378 shares during the period. Westwood Holdings Group Inc. acquired a new position in Interparfums during the fourth quarter worth $46,649,000. Victory Capital Management Inc. raised its stake in Interparfums by 26.9% during the first quarter. Victory Capital Management Inc. now owns 715,004 shares of the company's stock worth $81,418,000 after acquiring an additional 151,358 shares in the last quarter. MetLife Investment Management LLC raised its stake in Interparfums by 867.2% during the first quarter. MetLife Investment Management LLC now owns 107,044 shares of the company's stock worth $12,189,000 after acquiring an additional 95,977 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Interparfums by 3.3% in the first quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company's stock valued at $241,194,000 after buying an additional 67,533 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

Interparfums Stock Performance

Shares of NASDAQ:IPAR opened at $106.71 on Monday. Interparfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The firm has a market cap of $3.43 billion, a PE 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 business has a fifty day moving average of $120.38 and a 200-day moving average of $122.26.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share 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 business's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 earnings per share. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. On average, equities research analysts predict that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Insider Transactions at Interparfums

In related news, Director Gilbert Harrison sold 400 shares of the firm'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 owned 1,550 shares in the company, valued at $207,638. This trade represents a 20.51% 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. 43.70% of the stock is currently owned by corporate insiders.

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.

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