Edgestream Partners L.P. Has $5.62 Million Stake in Interparfums, Inc. (NASDAQ:IPAR)

Edgestream Partners L.P. increased its stake in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 24.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,352 shares of the company's stock after acquiring an additional 9,754 shares during the period. Edgestream Partners L.P. owned approximately 0.15% of Interparfums worth $5,620,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. CWM LLC boosted its position in shares of Interparfums by 29.4% in the first quarter. CWM LLC now owns 418 shares of the company's stock worth $48,000 after acquiring an additional 95 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Interparfums by 1.7% during the fourth quarter. Cetera Investment Advisers now owns 5,796 shares of the company's stock valued at $762,000 after purchasing an additional 96 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of Interparfums by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,907 shares of the company's stock worth $251,000 after buying an additional 121 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Interparfums by 7.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company's stock worth $239,000 after buying an additional 124 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC increased its stake in shares of Interparfums by 6.1% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 2,249 shares of the company's stock worth $296,000 after buying an additional 130 shares during the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Interparfums

In other Interparfums news, VP Philippe Santi sold 1,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total value of $139,230.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gilbert Harrison sold 400 shares of the company'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 sale, the director directly owned 1,550 shares of the company's stock, valued at $207,638. The trade was a 20.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,900 shares of company stock valued at $376,039. 43.90% of the stock is owned by insiders.

Interparfums Price Performance

IPAR stock traded up $1.41 during trading on Wednesday, hitting $132.69. The company had a trading volume of 47,869 shares, compared to its average volume of 190,604. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 25.85 and a beta of 1.36. The business has a 50 day moving average of $132.84 and a 200 day moving average of $127.83. Interparfums, Inc. has a fifty-two week low of $97.65 and a fifty-two week high of $148.15. 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 (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.19. The business had revenue of $339.00 million during the quarter, compared to the consensus estimate of $329.21 million. Interparfums had a net margin of 11.30% and a return on equity of 17.62%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.27 earnings per share. As a group, research analysts predict that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on IPAR. Piper Sandler reiterated an "overweight" rating and set a $138.00 target price (down previously from $169.00) on shares of Interparfums in a research note on Thursday, April 24th. DA Davidson reiterated a "buy" rating and set a $170.00 target price on shares of Interparfums in a research note on Tuesday, March 25th. Finally, BWS Financial reiterated a "buy" rating and set a $172.00 target price on shares of Interparfums in a research note on Wednesday, May 7th. 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.