American Century Companies Inc. Trims Stock Position in Interparfums, Inc. $IPAR

Key Points

• American Century Companies Inc. reduced its stake in Interparfums, Inc. by 84% in the first quarter, owning only 72,828 shares after selling 381,165 shares.
• Other institutional investors, including Charles Schwab Investment Management Inc., have increased their holdings, with Charles Schwab's stake growing by 251.4% to 699,438 shares valued at approximately $79.6 million.
• Interparfums reported a Q2 EPS of $0.99, missing the consensus estimate of $1.10, and experienced a revenue decline of 2.3% year-over-year.

American Century Companies Inc. lowered its stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 84.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 72,828 shares of the company's stock after selling 381,165 shares during the period. American Century Companies Inc. owned about 0.23% of Interparfums worth $8,293,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Interparfums by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 89,580 shares of the company's stock valued at $10,200,000 after buying an additional 2,041 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Interparfums in the 1st quarter valued at about $1,714,000. Envestnet Asset Management Inc. increased its stake in shares of Interparfums by 10.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 122,594 shares of the company's stock valued at $13,960,000 after purchasing an additional 11,784 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Interparfums in the 1st quarter valued at about $470,000. Finally, Charles Schwab Investment Management Inc. increased its stake 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 purchasing an additional 500,378 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company's stock.

Insider Buying and Selling

In other Interparfums news, Director Gilbert Harrison sold 400 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was 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 of the company's stock, valued at $207,638. This 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 is available through this hyperlink. Also, VP Philippe Santi sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total value of $139,230.00. The disclosure for this sale can be found here. 43.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a "buy" rating and issued a $172.00 price target on shares of Interparfums in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $162.00.

Interparfums Price Performance

Shares of Interparfums stock opened at $116.02 on Thursday. Interparfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The business has a 50-day moving average price of $125.52 and a 200 day moving average price of $124.44. 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 has a market cap of $3.73 billion, a PE ratio of 23.25 and a beta of 1.43.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.99 EPS 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 for the quarter, compared to analyst estimates of $357.58 million. During the same period in the previous year, the company earned $1.14 EPS. Interparfums's revenue was down 2.3% compared to the same quarter last year. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Sell-side analysts predict that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal 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.

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