Interparfums, Inc. $IPAR Position Lowered by Cooke & Bieler LP

Key Points

• Cooke & Bieler LP reduced its Interparfums stake by 48.9% in the third quarter, selling 114,230 shares and retaining 119,580 shares worth approximately $13.3 million. Institutional investors collectively own 55.57% of the company.
• Interparfums reported quarterly revenue of $341.04 million and adjusted earnings of $0.95 per share, both essentially matching analyst expectations, while revenue rose 2.1% year over year. The company reaffirmed fiscal 2026 guidance of $4.85 EPS.
• Shares opened at $113.20, down 2.3%, as analyst sentiment remained mixed: the consensus rating was “Hold” with an average price target of $123.29, while recent recommendations ranged from Buy to Sell.

Cooke & Bieler LP cut its holdings in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 48.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,580 shares of the company's stock after selling 114,230 shares during the quarter. Cooke & Bieler LP owned approximately 0.37% of Interparfums worth $13,269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IPAR. Versant Capital Management Inc boosted its stake in Interparfums by 75.4% during the 2nd quarter. Versant Capital Management Inc now owns 428 shares of the company's stock valued at $48,000 after purchasing an additional 184 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Interparfums in the 2nd quarter worth $48,000. Integrated Wealth Concepts LLC bought a new position in shares of Interparfums during the 2nd quarter valued at approximately $50,000. EverSource Wealth Advisors LLC lifted its stake in shares of Interparfums by 34.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 487 shares of the company's stock valued at $44,000 after buying an additional 124 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of Interparfums in the second quarter worth about $69,000. Hedge funds and other institutional investors own 55.57% of the company's stock.

Interparfums Trading Down 2.3%

Shares of Interparfums stock opened at $113.20 on Thursday. The company has a current ratio of 3.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.09. The firm's 50 day simple moving average is $114.40 and its two-hundred day simple moving average is $107.45. Interparfums, Inc. has a 12-month low of $77.21 and a 12-month high of $129.29. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 21.64 and a beta of 1.16.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, hitting analysts' consensus estimates of $0.95. The firm had revenue of $341.04 million during the quarter, compared to the consensus estimate of $341.00 million. Interparfums had a return on equity of 15.21% and a net margin of 11.17%. The company's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Analysts predict that Interparfums, Inc. will post 4.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on IPAR. Berenberg Bank cut shares of Interparfums from a "buy" rating to a "hold" rating and set a $130.00 price target on the stock. in a research note on Friday, August 14th. Jefferies Financial Group lifted their price target on shares of Interparfums from $115.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, July 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Interparfums in a research note on Friday, October 2nd. BWS Financial cut shares of Interparfums from a "neutral" rating to a "sell" rating and set a $85.00 price objective for the company. in a research report on Monday, August 17th. Finally, The Goldman Sachs Group lowered shares of Interparfums from a "buy" rating to a "neutral" rating and raised their target price for the stock from $110.00 to $129.00 in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $123.29.

Insider Buying and Selling at Interparfums

In other news, Director Veronique Gabai-Pinsky sold 900 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $116.86, for a total transaction of $105,174.00. Following the sale, the director directly owned 900 shares in the company, valued at $105,174. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 43.60% of the company's stock.

Interparfums Company Profile

Interparfums, Inc NASDAQ: IPAR develops, manufactures and distributes prestige fragrances and related beauty products. The company operates primarily through licensing agreements with fashion, luxury and lifestyle brands, creating perfumes, colognes, body products and other fragrance-related offerings for men and women.

Its portfolio has included internationally recognized names such as Montblanc, Jimmy Choo, Coach, Kate Spade New York, Rochas, Boucheron, Van Cleef & Arpels, Oscar de la Renta and Karl Lagerfeld, although brand relationships and licensing arrangements may change over time.

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