Interparfums, Inc. $IPAR Holdings Raised by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Interparfums, Inc. by 1.7%, owning approximately 410,738 shares valued at $46.77 million as of the latest SEC filing.
• Despite a decline in quarterly earnings and revenue, with EPS reported at $0.99, Interparfums has a consensus rating of "Buy" from analysts, with a target price around $162.00.
• Insiders of Interparfums have also engaged in stock sales, with a notable 20.51% decrease in ownership by Director Gilbert Harrison after selling 400 shares.

Northern Trust Corp grew its stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 410,738 shares of the company's stock after purchasing an additional 6,824 shares during the period. Northern Trust Corp owned about 1.28% of Interparfums worth $46,771,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a "buy" rating and set a $172.00 price objective on shares of Interparfums in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $162.00.

Interparfums Trading Up 1.7%

IPAR stock opened at $116.02 on Thursday. The company has a market cap of $3.73 billion, a P/E ratio of 23.25 and a beta of 1.43. Interparfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. 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 business has a fifty day moving average of $125.52 and a 200-day moving average of $124.44.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.11). The company had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 EPS. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, equities research analysts expect that Interparfums, Inc. will post 5.14 EPS for the current year.

Insider Activity

In other news, Director Gilbert Harrison sold 400 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $133.96, for a total transaction of $53,584.00. Following the completion of the transaction, the director directly owned 1,550 shares of the company's stock, valued at $207,638. This represents a 20.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Philippe Santi sold 1,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was 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. 43.70% of the stock is owned by corporate insiders.

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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