Envestnet Asset Management Inc. Purchases 11,784 Shares of Interparfums, Inc. (NASDAQ:IPAR)

Envestnet Asset Management Inc. grew its stake in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 10.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,594 shares of the company's stock after purchasing an additional 11,784 shares during the period. Envestnet Asset Management Inc. owned about 0.38% of Interparfums worth $13,960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Interparfums by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company's stock worth $269,677,000 after acquiring an additional 20,721 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Interparfums by 10.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company's stock worth $147,913,000 after acquiring an additional 108,321 shares in the last quarter. American Century Companies Inc. increased its position in shares of Interparfums by 23.3% during the fourth quarter. American Century Companies Inc. now owns 453,993 shares of the company's stock worth $59,705,000 after acquiring an additional 85,871 shares in the last quarter. Invesco Ltd. increased its position in shares of Interparfums by 4.1% during the fourth quarter. Invesco Ltd. now owns 362,518 shares of the company's stock worth $47,675,000 after acquiring an additional 14,254 shares in the last quarter. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Interparfums during the fourth quarter worth $46,649,000. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Interparfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total transaction of $183,225.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gilbert Harrison sold 400 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $133.96, for a total value of $53,584.00. Following the transaction, the director 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. Insiders sold 2,900 shares of company stock valued at $376,039 over the last quarter. 43.90% of the stock is owned by company insiders.

Interparfums Stock Performance

NASDAQ IPAR traded up $3.55 during trading on Tuesday, hitting $132.65. 199,001 shares of the company's stock traded hands, compared to its average volume of 192,055. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 25.81 and a beta of 1.36. Interparfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.68 and a current ratio of 2.97. The business has a 50 day moving average of $133.82 and a 200-day moving average of $127.85.

Interparfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.19. The business had revenue of $339.00 million for the quarter, compared to analysts' expectations of $329.21 million. Interparfums had a net margin of 11.30% and a return on equity of 17.62%. The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $1.27 earnings per share. As a group, equities research analysts anticipate that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IPAR has been the subject of a number of recent analyst reports. DA Davidson reiterated a "buy" rating and issued a $170.00 price target on shares of Interparfums in a research note on Tuesday, March 25th. BWS Financial restated a "buy" rating and set a $172.00 target price on shares of Interparfums in a research note on Wednesday, May 7th. Finally, Piper Sandler restated 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $162.00.

Interparfums Company 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.