GW&K Investment Management LLC Has $10.70 Million Stock Holdings in Interparfums, Inc. (NASDAQ:IPAR)

GW&K Investment Management LLC lifted its stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,966 shares of the company's stock after acquiring an additional 1,977 shares during the period. GW&K Investment Management LLC owned approximately 0.29% of Interparfums worth $10,700,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IPAR. Eukles Asset Management bought a new position in Interparfums during the 1st quarter worth about $30,000. CWM LLC boosted its position in shares of Interparfums by 29.4% during the first quarter. CWM LLC now owns 418 shares of the company's stock worth $48,000 after buying an additional 95 shares during the period. Blue Trust Inc. grew its holdings in shares of Interparfums by 52.0% during the first quarter. Blue Trust Inc. now owns 506 shares of the company's stock worth $58,000 after buying an additional 173 shares in the last quarter. Coppell Advisory Solutions LLC grew its holdings in shares of Interparfums by 210.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock worth $67,000 after buying an additional 347 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Interparfums by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock valued at $105,000 after buying an additional 400 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Interparfums Stock Down 0.8%

IPAR traded down $0.95 on Friday, hitting $121.05. 180,822 shares of the company were exchanged, compared to its average volume of 201,078. Interparfums, Inc. has a 12 month low of $97.65 and a 12 month high of $148.15. The company has a market cap of $3.89 billion, a PE ratio of 23.55 and a beta of 1.36. 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 stock's fifty day moving average is $133.80 and its 200-day moving average is $127.73.

Interparfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings results 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. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. The firm had revenue of $339.00 million for the quarter, compared to analyst estimates of $329.21 million. During the same quarter in the previous year, the firm earned $1.27 EPS. The business's quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts predict that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. BWS Financial reaffirmed a "buy" rating and set a $172.00 price target on shares of Interparfums in a research report on Wednesday, May 7th. Piper Sandler reissued an "overweight" rating and issued a $138.00 price objective (down previously from $169.00) on shares of Interparfums in a research report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $162.00.

Insider Buying and Selling

In other news, Director Gilbert Harrison sold 400 shares of the business'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 transaction, the director directly owned 1,550 shares in the company, valued at $207,638. The trade was a 20.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Veronique Gabai-Pinsky sold 1,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total transaction of $183,225.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,900 shares of company stock worth $376,039. Insiders own 43.90% of the company's stock.

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.