Cookson Peirce & Co. Inc. Acquires New Shares in Interparfums, Inc. $IPAR

Key Points

• Cookson Peirce & Co. Inc. acquired 5,496 shares of Interparfums, Inc. for approximately $722,000 during the second quarter, adding to its stake in the company.
• Interparfums reported Q2 earnings of $0.99 per share, missing estimates, and posted revenue of $333.94 million, a decline from the previous year.
• Institutional investors currently hold 55.57% of Interparfums' stock, indicating strong interest from large investors in the fragrance market.

Cookson Peirce & Co. Inc. acquired a new stake in Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,496 shares of the company's stock, valued at approximately $722,000.

A number of other large investors have also recently added to or reduced their stakes in IPAR. Blue Trust Inc. lifted its holdings in Interparfums by 52.0% in the first quarter. Blue Trust Inc. now owns 506 shares of the company's stock valued at $58,000 after acquiring an additional 173 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Interparfums by 26.2% in the first quarter. Bessemer Group Inc. now owns 179,355 shares of the company's stock valued at $20,423,000 after acquiring an additional 37,184 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Interparfums by 1.6% in the first quarter. Illinois Municipal Retirement Fund now owns 9,623 shares of the company's stock valued at $1,096,000 after acquiring an additional 156 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Interparfums in the first quarter valued at approximately $1,714,000. Finally, Teacher Retirement System of Texas acquired a new position in Interparfums in the first quarter valued at approximately $5,114,000. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IPAR has been the topic of a number of research analyst reports. BWS Financial reissued a "buy" rating and issued a $172.00 target price on shares of Interparfums in a research report on Wednesday. Canaccord Genuity Group reissued a "buy" rating and issued a $168.00 target price on shares of Interparfums in a research report on Tuesday. Sanford C. Bernstein raised Interparfums to a "strong-buy" rating in a research report on Tuesday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Interparfums in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $162.00.

Interparfums Stock Down 0.2%

Shares of NASDAQ IPAR opened at $99.02 on Thursday. The stock has a market cap of $3.18 billion, a P/E ratio of 19.84 and a beta of 1.35. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. Interparfums, Inc. has a 12-month low of $91.06 and a 12-month high of $148.15. The business's fifty day simple moving average is $104.84 and its 200-day simple moving average is $117.46.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.11). The company 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 firm's revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.14 earnings per share. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, equities analysts predict that Interparfums, Inc. will post 5.14 EPS 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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