DekaBank Deutsche Girozentrale Takes $3.90 Million Position in Interparfums, Inc. (NASDAQ:IPAR)

DekaBank Deutsche Girozentrale purchased a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,500 shares of the company's stock, valued at approximately $3,897,000. DekaBank Deutsche Girozentrale owned approximately 0.10% of Interparfums as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. bought a new position in shares of Interparfums during the fourth quarter valued at $46,649,000. Raymond James Financial Inc. bought a new position in Interparfums during the 4th quarter valued at about $39,070,000. Norges Bank purchased a new stake in shares of Interparfums during the 4th quarter valued at about $32,095,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Interparfums by 10.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company's stock worth $147,913,000 after acquiring an additional 108,321 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Interparfums by 23.3% during the fourth quarter. American Century Companies Inc. now owns 453,993 shares of the company's stock valued at $59,705,000 after purchasing an additional 85,871 shares during the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Gilbert Harrison sold 400 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $133.96, for a total value of $53,584.00. Following the completion of the sale, the director directly owned 1,550 shares of the company's stock, valued at $207,638. This represents a 20.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Veronique Gabai-Pinsky sold 1,500 shares of Interparfums stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total transaction of $183,225.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,900 shares of company stock valued at $376,039. 43.90% of the stock is owned by corporate insiders.

Interparfums Stock Down 0.6%

Shares of IPAR stock opened at $135.62 on Friday. The company has a current ratio of 2.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.11. Interparfums, Inc. has a 12 month low of $97.65 and a 12 month high of $148.15. The stock has a market cap of $4.36 billion, a P/E ratio of 26.39 and a beta of 1.36. The company has a 50 day simple moving average of $132.15 and a two-hundred day simple moving average of $127.82.

Interparfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.13 by $0.19. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. The firm had revenue of $339.00 million during the quarter, compared to analyst estimates of $329.21 million. During the same period in the prior year, the business posted $1.27 EPS. Interparfums's revenue was up 4.6% on a year-over-year basis. On average, research analysts expect that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IPAR shares. DA Davidson restated a "buy" rating and issued a $170.00 target price on shares of Interparfums in a report on Tuesday, March 25th. BWS Financial restated a "buy" rating and issued a $172.00 price target on shares of Interparfums in a research note on Wednesday, May 7th. Finally, Piper Sandler reiterated an "overweight" rating and set a $138.00 price objective (down previously from $169.00) on shares of Interparfums in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $162.00.

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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