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

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

Several other hedge funds also recently made changes to their positions in the business. Eukles Asset Management bought a new stake in shares of Interparfums during the 1st quarter worth $30,000. CWM LLC raised its position in Interparfums by 29.4% in the first quarter. CWM LLC now owns 418 shares of the company's stock valued at $48,000 after purchasing an additional 95 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Interparfums by 52.0% during the first quarter. Blue Trust Inc. now owns 506 shares of the company's stock valued at $58,000 after purchasing 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 purchasing an additional 347 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Interparfums by 100.0% in the fourth 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 period. 55.57% of the stock is owned by institutional investors.

Interparfums Trading Up 2.7%

NASDAQ:IPAR opened at $132.65 on Wednesday. The company has a fifty day moving average of $133.82 and a 200 day moving average of $127.85. The firm has a market capitalization of $4.26 billion, a P/E ratio of 25.81 and a beta of 1.36. The company has a quick ratio of 1.68, a current ratio of 2.97 and a debt-to-equity ratio of 0.11. Interparfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15.

Interparfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.13 by $0.19. Interparfums had a net margin of 11.30% and a return on equity of 17.62%. The business 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 posted $1.27 earnings per share. Interparfums's quarterly revenue was up 4.6% on a year-over-year basis. On average, research analysts predict that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Insiders Place Their Bets

In other Interparfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total transaction of $183,225.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Philippe Santi sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total transaction of $139,230.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,900 shares of company stock valued at $376,039. Insiders own 43.90% of the company's stock.

Analysts Set New Price Targets

IPAR has been the topic of several research analyst reports. BWS Financial reissued a "buy" rating and set a $172.00 target price on shares of Interparfums in a research note on Wednesday, May 7th. Piper Sandler reaffirmed an "overweight" rating and issued a $138.00 price target (down previously from $169.00) on shares of Interparfums in a research report on Thursday, April 24th. Finally, DA Davidson reissued a "buy" rating and set a $170.00 price objective on shares of Interparfums in a report on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Interparfums presently has an average rating of "Moderate Buy" and a consensus price target 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.

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