Advisors Asset Management Inc. Has $314,000 Stock Holdings in Interparfums, Inc. $IPAR

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. lessened its position in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 57.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

A number of other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Interparfums by 251.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock worth $79,645,000 after purchasing an additional 500,378 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Interparfums in the fourth quarter worth $46,649,000. Victory Capital Management Inc. grew its stake in shares of Interparfums by 26.9% in the first quarter. Victory Capital Management Inc. now owns 715,004 shares of the company's stock worth $81,418,000 after purchasing an additional 151,358 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Interparfums by 867.2% in the first quarter. MetLife Investment Management LLC now owns 107,044 shares of the company's stock worth $12,189,000 after purchasing an additional 95,977 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Interparfums by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company's stock valued at $241,194,000 after buying an additional 67,533 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company's stock.

Insider Transactions at Interparfums

In other Interparfums news, Director Gilbert Harrison sold 400 shares of the business'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 sale, the director owned 1,550 shares in the company, valued at approximately $207,638. The trade was a 20.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 43.70% of the company's stock.

Interparfums Price Performance

Shares of Interparfums stock traded down $1.51 on Wednesday, hitting $103.49. The company had a trading volume of 458,154 shares, compared to its average volume of 236,673. The business has a 50-day simple moving average of $118.54 and a 200-day simple moving average of $121.79. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. The company has a market cap of $3.32 billion, a PE ratio of 20.74 and a beta of 1.44. Interparfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its earnings results 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 net margin of 11.03% and a return on equity of 16.45%. The firm had revenue of $333.94 million for the quarter, compared to the consensus estimate of $357.58 million. During the same period in the prior year, the business earned $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. Research analysts expect that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

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.