Intech Investment Management LLC Grows Stake in Interparfums, Inc. $IPAR

Key Points

• Intech Investment Management LLC increased its holdings in Interparfums, Inc. by 45.5% after acquiring 7,555 shares, bringing its total ownership to approximately $2.75 million.
• Interparfums, Inc. reported earnings of $0.99 per share for the last quarter, missing estimates, and had a revenue decline of 2.3% year-over-year.
• Institutional investors collectively own 55.57% of Interparfums' stock, with several funds increasing their stakes in the company during the first quarter.

Intech Investment Management LLC boosted its stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 45.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,172 shares of the company's stock after acquiring an additional 7,555 shares during the quarter. Intech Investment Management LLC owned 0.08% of Interparfums worth $2,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of IPAR. Eukles Asset Management purchased a new stake in Interparfums during the 1st quarter valued at about $30,000. CWM LLC boosted its holdings in Interparfums by 29.4% during the 1st quarter. CWM LLC now owns 418 shares of the company's stock valued at $48,000 after acquiring an additional 95 shares during the period. Blue Trust Inc. boosted its holdings in Interparfums by 52.0% during the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock valued at $58,000 after acquiring an additional 173 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Interparfums during the 1st quarter valued at about $104,000. Finally, CX Institutional purchased a new stake in Interparfums during the 1st quarter valued at about $117,000. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Interparfums news, Director Gilbert Harrison sold 400 shares of the stock in a transaction that occurred on 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 owned 1,550 shares in the company, valued at approximately $207,638. This trade represents a 20.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 43.70% of the company's stock.

Interparfums Trading Down 2.6%

IPAR stock traded down $2.76 during trading on Friday, hitting $101.41. 477,533 shares of the company traded hands, compared to its average volume of 246,143. Interparfums, Inc. has a 1 year low of $97.65 and a 1 year high of $148.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.69 and a current ratio of 2.96. The company has a 50-day moving average of $117.21 and a 200-day moving average of $121.36. The firm has a market capitalization of $3.26 billion, a PE ratio of 20.32 and a beta of 1.44.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $357.58 million. During the same quarter last year, the business posted $1.14 EPS. The company's quarterly revenue was down 2.3% compared to the same quarter last year. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Analysts predict that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

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.