Interparfums, Inc. $IPAR Shares Sold by Acadian Asset Management LLC

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 trimmed its position in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 33.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund 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 reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Interparfums by 3.3% in the 1st 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. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Interparfums by 0.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,133,046 shares of the company's stock valued at $129,020,000 after buying an additional 8,318 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Interparfums by 26.9% in the 1st quarter. Victory Capital Management Inc. now owns 715,004 shares of the company's stock valued at $81,418,000 after buying an additional 151,358 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Interparfums by 251.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock valued at $79,645,000 after buying an additional 500,378 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Interparfums by 31.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 464,878 shares of the company's stock valued at $52,936,000 after buying an additional 110,163 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Interparfums Stock Down 2.6%

Shares of NASDAQ:IPAR traded down $2.76 during trading on Friday, reaching $101.41. The stock had a trading volume of 477,533 shares, compared to its average volume of 246,143. Interparfums, Inc. has a one year low of $97.65 and a one year high of $148.15. The company has a market capitalization of $3.26 billion, a P/E ratio of 20.32 and a beta of 1.44. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. The firm's 50-day simple moving average is $117.21 and its 200 day simple moving average is $121.36.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its quarterly 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). Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The firm had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. During the same quarter in the prior year, the business posted $1.14 earnings per share. The firm's quarterly revenue was down 2.3% on a year-over-year basis. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, research analysts expect that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other Interparfums 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 completion of the sale, the director owned 1,550 shares of the company's stock, valued at approximately $207,638. This trade represents a 20.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 43.70% of the company's stock.

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.