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

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

A number of other large investors have also added to or reduced their stakes in IPAR. Eukles Asset Management bought a new stake in shares of Interparfums in the 1st quarter worth approximately $30,000. Blue Trust Inc. lifted its stake in Interparfums by 52.0% in the first quarter. Blue Trust Inc. now owns 506 shares of the company's stock worth $58,000 after purchasing an additional 173 shares during the last quarter. Coppell Advisory Solutions LLC lifted its stake in Interparfums by 210.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock worth $67,000 after purchasing an additional 347 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Interparfums by 100.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock valued at $105,000 after buying an additional 400 shares during the period. Finally, CX Institutional purchased a new position in shares of Interparfums in the first quarter worth about $117,000. Hedge funds and other institutional investors own 55.57% of the company's stock.

Interparfums Trading Up 1.5%

NASDAQ:IPAR traded up $2.03 during mid-day trading on Wednesday, reaching $133.31. 156,154 shares of the company's stock traded hands, compared to its average volume of 234,176. Interparfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 25.94 and a beta of 1.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 1.68. The company has a 50 day moving average price of $132.84 and a 200-day moving average price of $127.83.

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

Insider Transactions at Interparfums

In other Interparfums news, Director Gilbert Harrison sold 400 shares of Interparfums stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $133.96, for a total transaction of $53,584.00. Following the sale, the director directly owned 1,550 shares of the company's stock, valued at approximately $207,638. The trade was a 20.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Veronique Gabai-Pinsky sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total value 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. Company insiders own 43.90% of the company's stock.

Analysts Set New Price Targets

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

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.