Empowered Funds LLC Acquires New Position in Interparfums, Inc. $IPAR

Empowered Funds LLC acquired a new stake in Interparfums, Inc. (NASDAQ:IPAR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 57,645 shares of the company's stock, valued at approximately $6,448,000. Empowered Funds LLC owned 0.18% of Interparfums at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its holdings in shares of Interparfums by 172.2% in the fourth quarter. Hantz Financial Services Inc. now owns 343 shares of the company's stock valued at $29,000 after purchasing an additional 217 shares during the period. Advisory Services Network LLC purchased a new position in Interparfums during the 3rd quarter worth $40,000. Versant Capital Management Inc increased its holdings in Interparfums by 75.4% during the 2nd quarter. Versant Capital Management Inc now owns 428 shares of the company's stock worth $48,000 after purchasing an additional 184 shares during the period. Global Retirement Partners LLC bought a new stake in Interparfums during the 2nd quarter valued at $48,000. Finally, EverSource Wealth Advisors LLC raised its position in Interparfums by 34.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 487 shares of the company's stock valued at $44,000 after purchasing an additional 124 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IPAR has been the topic of a number of recent research reports. TD Cowen downgraded Interparfums from a "buy" rating to a "hold" rating and increased their price target for the stock from $110.00 to $120.00 in a research report on Monday, August 10th. Canaccord Genuity Group lifted their price objective on Interparfums from $141.00 to $151.00 and gave the company a "buy" rating in a report on Thursday, July 30th. BWS Financial cut shares of Interparfums from a "neutral" rating to a "sell" rating and set a $85.00 target price on the stock. in a report on Monday, August 17th. Jefferies Financial Group raised their target price on shares of Interparfums from $115.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Finally, Berenberg Bank lowered shares of Interparfums from a "buy" rating to a "hold" rating and set a $130.00 price target for the company. in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Interparfums currently has a consensus rating of "Hold" and a consensus target price of $123.29.

Insider Buying and Selling at Interparfums

In other news, Director Veronique Gabai-Pinsky sold 900 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $116.86, for a total value of $105,174.00. Following the completion of the transaction, the director directly owned 900 shares in the company, valued at $105,174. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 43.60% of the company's stock.

Interparfums Stock Performance

Shares of NASDAQ:IPAR opened at $117.78 on Monday. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $129.29. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.31 and a quick ratio of 2.00. The firm has a market capitalization of $3.77 billion, a P/E ratio of 22.52 and a beta of 1.11. The business's 50-day moving average is $117.89 and its 200 day moving average is $102.54.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, hitting analysts' consensus estimates of $0.95. The company had revenue of $341.04 million during the quarter, compared to analysts' expectations of $341.00 million. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. Interparfums's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business earned $0.99 EPS. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, research analysts predict that Interparfums, Inc. will post 4.85 earnings per share for the current fiscal year.

Interparfums Company Profile

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company's core activities include fragrance creation, brand management and international logistics.

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