Interparfums, Inc. $IPAR Shares Acquired by Bank of America Corp DE

Key Points

• Bank of America increased its Interparfums stake by 10.2% in the first quarter, bringing its holdings to 249,654 shares worth approximately $22.7 million. Institutional investors and hedge funds collectively own 55.57% of the company.
• Interparfums reported quarterly earnings of $0.95 per share on revenue of $341.04 million, matching analyst expectations, while revenue rose 2.1% year over year. The company reaffirmed fiscal 2026 guidance of $4.85 EPS.
• Analyst sentiment is mixed, with the stock carrying an overall “Hold” rating and an average price target of $123.29; price targets range from $85 to $145.

Bank of America Corp DE lifted its stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 10.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,654 shares of the company's stock after acquiring an additional 23,110 shares during the quarter. Bank of America Corp DE owned 0.78% of Interparfums worth $22,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Interparfums by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company's stock worth $183,554,000 after buying an additional 62,832 shares in the last quarter. UBS Group AG raised its holdings in Interparfums by 91.4% in the fourth quarter. UBS Group AG now owns 131,105 shares of the company's stock valued at $11,122,000 after acquiring an additional 62,605 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Interparfums by 20.7% in the first quarter. Principal Financial Group Inc. now owns 105,505 shares of the company's stock valued at $9,584,000 after acquiring an additional 18,098 shares in the last quarter. London Co. of Virginia raised its holdings in Interparfums by 21.6% in the first quarter. London Co. of Virginia now owns 188,043 shares of the company's stock valued at $17,082,000 after acquiring an additional 33,359 shares in the last quarter. Finally, Granite Investment Partners LLC lifted its stake in Interparfums by 58.3% in the first quarter. Granite Investment Partners LLC now owns 48,965 shares of the company's stock worth $4,448,000 after acquiring an additional 18,024 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Interparfums Stock Performance

NASDAQ IPAR opened at $111.78 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.31 and a quick ratio of 2.00. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $129.29. The company has a market capitalization of $3.58 billion, a PE ratio of 21.37 and a beta of 1.11. The company has a fifty day moving average of $114.81 and a two-hundred day moving average of $101.43.

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

Wall Street Analyst Weigh In

Several research analysts have commented on IPAR shares. Wall Street Zen cut shares of Interparfums from a "buy" rating to a "hold" rating in a report on Sunday, April 26th. TD Cowen lowered shares of Interparfums from a "buy" rating to a "hold" rating and raised their price objective for the company from $110.00 to $120.00 in a report on Monday, August 10th. BWS Financial reaffirmed a "sell" rating and set a $85.00 price objective on shares of Interparfums in a research report on Monday. Jefferies Financial Group boosted their target price 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. Finally, Weiss Ratings raised Interparfums from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $123.29.

About Interparfums

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company's core activities include fragrance creation, brand management and international logistics.

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