Dynamic Technology Lab Private Ltd Buys New Shares in Interparfums, Inc. $IPAR

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Interparfums, Inc., purchasing 17,423 shares valued at approximately $1.98 million, which represents about 0.05% of the company.
• Interparfums recently reported earnings per share of $0.99 for the quarter, missing the consensus estimate of $1.10, and their revenue decreased by 2.3% compared to the same quarter last year.
• Institutional investors own 55.57% of Interparfums, with Charles Schwab Investment Management significantly increasing its stake by 251.4% during the first quarter of the year.

Dynamic Technology Lab Private Ltd bought a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,423 shares of the company's stock, valued at approximately $1,984,000. Dynamic Technology Lab Private Ltd owned about 0.05% of Interparfums as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Eukles Asset Management bought a new stake in shares of Interparfums in the first quarter valued at $30,000. CWM LLC boosted its holdings in shares of Interparfums by 29.4% in the 1st quarter. CWM LLC now owns 418 shares of the company's stock worth $48,000 after purchasing an additional 95 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Interparfums by 52.0% in the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock worth $58,000 after purchasing an additional 173 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Interparfums in the 1st quarter valued at about $104,000. Finally, CX Institutional purchased a new stake in Interparfums in the 1st quarter worth approximately $117,000. 55.57% of the stock is currently owned by institutional investors.

Insider Activity at Interparfums

In other Interparfums news, Director Gilbert Harrison sold 400 shares of Interparfums stock in a transaction on 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 sale, the director 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 43.70% of the company's stock.

Interparfums Trading Down 1.4%

NASDAQ IPAR traded down $1.52 on Friday, hitting $107.02. The company's stock had a trading volume of 54,221 shares, compared to its average volume of 236,668. Interparfums, Inc. has a 52-week low of $97.65 and a 52-week high of $148.15. The firm has a market cap of $3.44 billion, a P/E ratio of 21.45 and a beta of 1.44. The company's 50-day simple moving average is $121.02 and its 200 day simple moving average is $122.77. 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 (NASDAQ:IPAR - Get Free Report) last announced its earnings results 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). Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The firm had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. During the same period in the prior year, the company posted $1.14 EPS. The firm's revenue was down 2.3% on a year-over-year basis. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Research 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.