Charles Schwab Investment Management Inc. Has $79.65 Million Stock Position in Interparfums, Inc. (NASDAQ:IPAR)

Charles Schwab Investment Management Inc. raised its holdings in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 251.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 699,438 shares of the company's stock after acquiring an additional 500,378 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.18% of Interparfums worth $79,645,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eukles Asset Management bought a new position in Interparfums in the first quarter valued at approximately $30,000. CWM LLC boosted its stake in Interparfums by 29.4% in the first quarter. CWM LLC now owns 418 shares of the company's stock valued at $48,000 after acquiring an additional 95 shares during the last quarter. Blue Trust Inc. boosted its stake in Interparfums by 52.0% in the first quarter. Blue Trust Inc. now owns 506 shares of the company's stock valued at $58,000 after acquiring an additional 173 shares during the last quarter. Coppell Advisory Solutions LLC boosted its stake in Interparfums by 210.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock valued at $67,000 after acquiring an additional 347 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Interparfums by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock valued at $105,000 after acquiring an additional 400 shares during the last quarter. 55.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. BWS Financial reaffirmed a "buy" rating and issued a $172.00 price objective on shares of Interparfums in a research note on Wednesday, May 7th. Piper Sandler reissued an "overweight" rating and set a $138.00 price target (down from $169.00) on shares of Interparfums in a research report on Thursday, April 24th.

Insider Activity

In other news, Director Gilbert Harrison sold 400 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $133.96, for a total transaction of $53,584.00. Following the transaction, the director directly owned 1,550 shares in the company, valued at $207,638. The trade was a 20.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Philippe Santi sold 1,000 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was 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. 43.70% of the stock is owned by insiders.

Interparfums Trading Down 1.9%

Shares of NASDAQ IPAR traded down $2.21 during midday trading on Friday, reaching $112.80. 237,930 shares of the stock were exchanged, compared to its average volume of 264,759. The business has a 50-day simple moving average of $129.33 and a two-hundred day simple moving average of $125.85. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 22.61 and a beta of 1.43. Interparfums, Inc. has a 12 month low of $97.65 and a 12 month high of $148.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69.

Interparfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.11). Interparfums had a return on equity of 16.45% and a net margin of 11.03%. The company had revenue of $333.94 million for the quarter, compared to analyst estimates of $357.58 million. During the same quarter in the previous year, the business earned $1.14 earnings per share. The company's revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts expect that Interparfums, Inc. will post 5.14 EPS for the current year.

Interparfums Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, September 15th. This represents a $3.20 annualized dividend and a dividend yield of 2.8%. Interparfums's payout ratio is currently 64.13%.

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.