Bank of New York Mellon Corp Purchases New Shares in Interparfums, Inc. $IPAR

Key Points

• Bank of New York Mellon acquired 318,282 Interparfums shares worth approximately $35.6 million, giving it a 0.99% stake. Institutional investors and hedge funds collectively own 55.57% of IPAR.
• Analyst sentiment is mixed: the consensus rating is “Hold” with an average price target of $123.29, while individual targets range from $85 to $145.
• Interparfums reported quarterly revenue of $341.04 million and EPS of $0.95, both in line with estimates; revenue increased 2.1% year over year, and analysts expect full-year EPS of $4.85.

Bank of New York Mellon Corp acquired a new stake in Interparfums, Inc. (NASDAQ:IPAR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 318,282 shares of the company's stock, valued at approximately $35,603,000. Bank of New York Mellon Corp owned about 0.99% of Interparfums as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IPAR. Hantz Financial Services Inc. grew its holdings in Interparfums by 172.2% during the 4th quarter. Hantz Financial Services Inc. now owns 343 shares of the company's stock worth $29,000 after acquiring an additional 217 shares during the period. Advisory Services Network LLC acquired a new stake in Interparfums in the third quarter worth $40,000. Global Retirement Partners LLC increased its position in shares of Interparfums by 39.0% in the 4th quarter. Global Retirement Partners LLC now owns 481 shares of the company's stock valued at $41,000 after buying an additional 135 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Interparfums by 34.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 487 shares of the company's stock valued at $44,000 after buying an additional 124 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new stake in Interparfums during the 4th quarter worth $46,000. Institutional investors and hedge funds own 55.57% of the company's stock.

Analysts Set New Price Targets

IPAR has been the topic of several recent analyst reports. Berenberg Bank cut Interparfums from a "buy" rating to a "hold" rating and set a $130.00 price objective on the stock. in a report on Friday, August 14th. The Goldman Sachs Group lowered shares of Interparfums from a "buy" rating to a "neutral" rating and lifted their price target for the company from $110.00 to $129.00 in a research note on Monday, August 10th. Jefferies Financial Group upped their price target on shares of Interparfums from $115.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Weiss Ratings raised shares of Interparfums from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 8th. Finally, BWS Financial cut shares of Interparfums from a "neutral" rating to a "sell" rating and set a $85.00 price objective on the stock. in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $123.29.

Interparfums Stock Performance

IPAR opened at $117.78 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.31 and a quick ratio of 2.00. The business has a fifty day simple moving average of $117.89 and a 200 day simple moving average of $102.52. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $129.29. The company has a market capitalization of $3.77 billion, a PE ratio of 22.52 and a beta of 1.11.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, hitting analysts' consensus estimates of $0.95. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The business had revenue of $341.04 million for the quarter, compared to analyst estimates of $341.00 million. During the same period last year, the firm earned $0.99 earnings per share. Interparfums's revenue for the quarter was up 2.1% compared to the same quarter last year. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Research analysts expect that Interparfums, Inc. will post 4.85 EPS for the current year.

Insider Activity

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the business's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $116.86, for a total value of $105,174.00. Following the completion of the transaction, the director owned 900 shares of the company's stock, valued at $105,174. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 43.60% of the company's stock.

Interparfums Profile

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company's core activities include fragrance creation, brand management and international logistics.

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