American Century Companies Inc. Lowers Stock Holdings 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. reduced its position in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 84.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 72,828 shares of the company's stock after selling 381,165 shares during the quarter. 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 added to or reduced their stakes in the company. Eukles Asset Management acquired a new position in Interparfums during the 1st quarter worth approximately $30,000. CWM LLC raised its stake in shares of Interparfums by 29.4% in the first quarter. CWM LLC now owns 418 shares of the company's stock worth $48,000 after purchasing an additional 95 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Interparfums by 52.0% in the first quarter. Blue Trust Inc. now owns 506 shares of the company's stock worth $58,000 after purchasing an additional 173 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Interparfums in the first quarter worth approximately $104,000. Finally, CX Institutional purchased a new stake in shares of Interparfums in the first quarter worth approximately $117,000. 55.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Director Gilbert Harrison sold 400 shares of the firm's stock in a transaction on 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 transaction, the director directly owned 1,550 shares of the company's stock, 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. Also, VP Philippe Santi sold 1,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was 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 company insiders.

Interparfums Stock Performance

NASDAQ IPAR traded down $1.01 on Tuesday, hitting $113.93. 188,996 shares of the stock traded hands, compared to its average volume of 235,559. The business's fifty day moving average is $124.06 and its two-hundred day moving average is $123.76. Interparfums, Inc. has a 12 month low of $97.65 and a 12 month high of $148.15. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 22.83 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.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $357.58 million. During the same period last year, the company posted $1.14 earnings per share. Interparfums's revenue for the quarter 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, equities analysts anticipate that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Interparfums 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.