Bessemer Group Inc. Has $20.42 Million Position in Interparfums, Inc. (NASDAQ:IPAR)

Bessemer Group Inc. increased its stake in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 26.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 179,355 shares of the company's stock after purchasing an additional 37,184 shares during the quarter. Bessemer Group Inc. owned approximately 0.56% of Interparfums worth $20,423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IPAR. Principal Financial Group Inc. increased its position in Interparfums by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 87,539 shares of the company's stock worth $11,512,000 after buying an additional 2,548 shares during the period. Truist Financial Corp increased its position in Interparfums by 1.1% in the 4th quarter. Truist Financial Corp now owns 17,583 shares of the company's stock worth $2,312,000 after buying an additional 184 shares during the period. Bank of New York Mellon Corp increased its position in Interparfums by 17.2% in the 4th quarter. Bank of New York Mellon Corp now owns 291,575 shares of the company's stock worth $38,345,000 after buying an additional 42,692 shares during the period. Smartleaf Asset Management LLC increased its position in Interparfums by 23.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the company's stock worth $215,000 after buying an additional 310 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in Interparfums by 36.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,108 shares of the company's stock worth $540,000 after buying an additional 1,095 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Interparfums Stock Performance

Shares of IPAR traded down $0.82 on Friday, reaching $131.91. 326,665 shares of the stock traded hands, compared to its average volume of 190,842. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 25.66 and a beta of 1.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 1.68. Interparfums, Inc. has a 12 month low of $97.65 and a 12 month high of $148.15. The stock's 50-day moving average price is $126.09 and its 200-day moving average price is $127.70.

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, beating analysts' consensus estimates of $1.13 by $0.19. The business had revenue of $339.00 million for the quarter, compared to analysts' expectations of $329.21 million. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. Interparfums's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.27 earnings per share. Equities analysts forecast that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IPAR has been the topic of several recent analyst reports. DA Davidson reaffirmed a "buy" rating and issued a $170.00 price target on shares of Interparfums in a research report on Tuesday, March 25th. Piper Sandler reaffirmed an "overweight" rating and issued a $138.00 price target (down from $169.00) on shares of Interparfums in a research report on Thursday, April 24th. Canaccord Genuity Group lifted their price target on Interparfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, BWS Financial reaffirmed a "buy" rating and issued a $172.00 price target on shares of Interparfums in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Interparfums currently has a consensus rating of "Moderate Buy" and an average price target of $157.60.

Insider Activity at Interparfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total value of $183,225.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gilbert Harrison sold 400 shares of the business's stock in a transaction 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 now directly owns 1,550 shares in the company, valued at approximately $207,638. This represents a 20.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,900 shares of company stock valued at $376,039 in the last 90 days. 43.90% of the stock is owned by corporate insiders.

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.