Entropy Technologies LP Takes Position in Interparfums, Inc. $IPAR

Key Points

• Entropy Technologies LP has made a new investment of approximately $470,000 in Interparfums, Inc. (NASDAQ:IPAR), acquiring 4,129 shares in the first quarter.
• Interparfums reported earnings of $0.99 per share for the latest quarter, missing the consensus estimate of $1.10, along with a revenue decline of 2.3% year-over-year.
• The company has announced a quarterly dividend of $0.80 per share to be paid on September 30th, 2023, reflecting a yield of 2.7%.

Entropy Technologies LP purchased a new stake in Interparfums, Inc. (NASDAQ:IPAR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,129 shares of the company's stock, valued at approximately $470,000.

A number of other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Interparfums by 251.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock worth $79,645,000 after purchasing an additional 500,378 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in Interparfums during the 4th quarter worth $46,649,000. Raymond James Financial Inc. bought a new position in Interparfums during the 4th quarter worth $39,070,000. Victory Capital Management Inc. raised its position in Interparfums by 26.9% during the 1st quarter. Victory Capital Management Inc. now owns 715,004 shares of the company's stock worth $81,418,000 after purchasing an additional 151,358 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in Interparfums by 10.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company's stock worth $147,913,000 after purchasing an additional 108,321 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors.

Interparfums Trading Up 0.6%

Interparfums stock traded up $0.65 during trading hours on Monday, reaching $113.45. 151,945 shares of the company's stock were exchanged, compared to its average volume of 237,430. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14. The firm's 50 day simple moving average is $129.33 and its 200 day simple moving average is $125.63. Interparfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The firm has a market capitalization of $3.64 billion, a PE ratio of 22.83 and a beta of 1.43.

Interparfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.11). Interparfums had a return on equity of 16.45% and a net margin of 11.03%. The business had revenue of $333.94 million for the quarter, compared to analyst estimates of $357.58 million. During the same quarter in the previous year, the business posted $1.14 earnings per share. The business's revenue was down 2.3% on a year-over-year basis. Research analysts predict that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Analyst Ratings Changes

IPAR has been the subject of several analyst reports. BWS Financial reaffirmed a "buy" rating and set a $172.00 target price on shares of Interparfums in a research report on Wednesday, May 7th. Piper Sandler reaffirmed an "overweight" rating and set a $138.00 target price (down from $169.00) on shares of Interparfums in a research report on Thursday, April 24th.

Insider Transactions at Interparfums

In other news, Director Gilbert Harrison sold 400 shares of the firm's stock in a transaction dated 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 directly owned 1,550 shares in the company, valued at $207,638. This trade represents a 20.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Philippe Santi sold 1,000 shares of the firm'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 disclosure for this sale can be found here. Company insiders own 43.70% of the company's stock.

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.