Cubist Systematic Strategies LLC Makes New $323,000 Investment in Interparfums, Inc. $IPAR

Key Points

• Cubist Systematic Strategies LLC invested $323,000 in Interparfums, Inc. by acquiring 2,835 shares during the first quarter.
• Director Gilbert Harrison sold 400 shares at an average price of $133.96, reducing his stake by 20.51% to approximately 1,550 shares.
• Interparfums reported earnings of $0.99 per share, missing analysts' estimates, while also experiencing a year-over-year revenue decrease of 2.3%.

Cubist Systematic Strategies LLC purchased a new position in Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,835 shares of the company's stock, valued at approximately $323,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Interparfums by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 89,580 shares of the company's stock worth $10,200,000 after purchasing an additional 2,041 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Interparfums in the 1st quarter worth $1,714,000. Envestnet Asset Management Inc. grew its position in Interparfums by 10.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 122,594 shares of the company's stock worth $13,960,000 after purchasing an additional 11,784 shares during the last quarter. Entropy Technologies LP acquired a new stake in Interparfums in the 1st quarter worth $470,000. Finally, Charles Schwab Investment Management Inc. grew its position in Interparfums by 251.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock worth $79,645,000 after purchasing an additional 500,378 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Interparfums

In other news, Director Gilbert Harrison sold 400 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $133.96, for a total transaction of $53,584.00. Following the completion of the transaction, the director directly owned 1,550 shares of the company's stock, valued at approximately $207,638. This trade represents a 20.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 43.70% of the company's stock.

Interparfums Stock Performance

NASDAQ IPAR opened at $108.53 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 21.75 and a beta of 1.44. The company's fifty day moving average is $121.02 and its two-hundred day moving average is $122.77. Interparfums, Inc. has a 52-week low of $97.65 and a 52-week high of $148.15.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.11). The business had revenue of $333.94 million for the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%.Interparfums's revenue was down 2.3% on a year-over-year basis. During the same period 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. Equities research analysts forecast that Interparfums, Inc. will post 5.14 EPS for the current 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.

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