Bessemer Group Inc. Grows Position in Interparfums, Inc. (NASDAQ:IPAR)

Bessemer Group Inc. increased its position in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 26.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,355 shares of the company's stock after acquiring an additional 37,184 shares during the period. Bessemer Group Inc. owned about 0.56% of Interparfums worth $20,423,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Interparfums by 52.0% during the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock worth $58,000 after buying an additional 173 shares during the period. Fifth Third Bancorp increased its position in shares of Interparfums by 6.4% during the first quarter. Fifth Third Bancorp now owns 3,783 shares of the company's stock worth $431,000 after acquiring an additional 226 shares during the period. CX Institutional purchased a new stake in shares of Interparfums during the first quarter worth $117,000. Park Avenue Securities LLC raised its stake in shares of Interparfums by 20.1% in the first quarter. Park Avenue Securities LLC now owns 3,449 shares of the company's stock valued at $393,000 after acquiring an additional 577 shares in the last quarter. Finally, Vest Financial LLC purchased a new position in Interparfums in the first quarter valued at $2,858,000. Institutional investors and hedge funds own 55.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IPAR. BWS Financial restated a "buy" rating and set a $172.00 price target on shares of Interparfums in a report on Wednesday, May 7th. DA Davidson reiterated a "buy" rating and issued a $170.00 price objective on shares of Interparfums in a research note on Tuesday, March 25th. Finally, Piper Sandler restated an "overweight" rating and set a $138.00 target price (down from $169.00) on shares of Interparfums in a research note on Thursday, April 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $157.60.

Insiders Place Their Bets

In related news, Director Gilbert Harrison sold 400 shares of Interparfums stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $133.96, for a total transaction of $53,584.00. Following the sale, the director directly owned 1,550 shares in the company, valued at $207,638. This trade represents a 20.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Philippe Santi sold 1,000 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total transaction of $139,230.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,900 shares of company stock valued at $376,039. 43.90% of the stock is owned by corporate insiders.

Interparfums Stock Down 0.5%

NASDAQ:IPAR traded down $0.60 during trading hours on Monday, hitting $131.31. The company's stock had a trading volume of 234,940 shares, compared to its average volume of 189,979. Interparfums, Inc. has a 52-week low of $97.65 and a 52-week high of $148.15. The company has a current ratio of 2.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.22 billion, a P/E ratio of 25.55 and a beta of 1.39. The stock has a fifty day moving average of $127.17 and a 200-day moving average of $127.47.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.19. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. The business had revenue of $339.00 million during the quarter, compared to analysts' expectations of $329.21 million. During the same period in the prior year, the firm posted $1.27 EPS. The business's quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities analysts forecast that Interparfums, Inc. will post 5.14 earnings per share for the current year.

About Interparfums

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.