Interparfums, Inc. $IPAR Stake Lessened by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. reduced its stake in Interparfums, Inc. by 57.6%, now owning 2,759 shares valued at $314,000 after selling 3,742 shares.
• Charles Schwab Investment Management Inc. significantly increased its holdings by 251.4%, acquiring an additional 500,378 shares, bringing its total to 699,438 shares worth $79.6 million.
• Interparfums reported $0.99 earnings per share for its most recent quarter, falling short of analysts’ expectations of $1.10, with revenues declining 2.3% year-over-year to $333.94 million.

Advisors Asset Management Inc. cut its stake in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 57.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,759 shares of the company's stock after selling 3,742 shares during the period. Advisors Asset Management Inc.'s holdings in Interparfums were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in IPAR. Charles Schwab Investment Management Inc. boosted its holdings in shares of Interparfums by 251.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock valued at $79,645,000 after acquiring an additional 500,378 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in Interparfums during the fourth quarter worth approximately $46,649,000. Victory Capital Management Inc. boosted its holdings in Interparfums by 26.9% during the first quarter. Victory Capital Management Inc. now owns 715,004 shares of the company's stock worth $81,418,000 after buying an additional 151,358 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Interparfums by 867.2% during the first quarter. MetLife Investment Management LLC now owns 107,044 shares of the company's stock worth $12,189,000 after buying an additional 95,977 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Interparfums by 3.3% during the first quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company's stock worth $241,194,000 after buying an additional 67,533 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Interparfums Trading Up 0.6%

Shares of NASDAQ:IPAR opened at $108.53 on Friday. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 21.75 and a beta of 1.44. 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 price of $121.02 and a 200 day moving average price of $122.77.

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

Insider Activity at Interparfums

In related news, Director Gilbert Harrison sold 400 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were 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 represents a 20.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 43.70% of the company's stock.

Interparfums 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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