Cubist Systematic Strategies LLC Invests $323,000 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 bought a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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. Vanguard Group Inc. boosted its stake in shares of Interparfums by 3.3% in the first quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company's stock valued at $241,194,000 after purchasing an additional 67,533 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of Interparfums by 0.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,133,046 shares of the company's stock valued at $129,020,000 after purchasing an additional 8,318 shares during the period. Victory Capital Management Inc. boosted its position in Interparfums by 26.9% in the 1st quarter. Victory Capital Management Inc. now owns 715,004 shares of the company's stock valued at $81,418,000 after buying an additional 151,358 shares during the period. Charles Schwab Investment Management Inc. boosted 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 valued at $79,645,000 after buying an additional 500,378 shares during the period. Finally, Westwood Holdings Group Inc. boosted its position in Interparfums by 31.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 464,878 shares of the company's stock valued at $52,936,000 after buying an additional 110,163 shares during the period. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gilbert Harrison sold 400 shares of Interparfums stock in a transaction dated 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 owned 1,550 shares in the company, valued at approximately $207,638. This trade represents a 20.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 43.70% of the company's stock.

Interparfums Stock Down 1.4%

IPAR stock traded down $1.51 during midday trading on Wednesday, hitting $103.49. The company's stock had a trading volume of 458,154 shares, compared to its average volume of 236,673. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14. Interparfums, Inc. has a 52-week low of $97.65 and a 52-week high of $148.15. The firm has a market capitalization of $3.32 billion, a P/E ratio of 20.74 and a beta of 1.44. The firm has a 50-day simple moving average of $118.54 and a 200-day simple moving average of $121.79.

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