Charles Schwab Investment Management Inc. Purchases 500,378 Shares of Interparfums, Inc. $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 Securities & Exchange Commission. The fund owned 699,438 shares of the company's stock after acquiring an additional 500,378 shares during the period. Charles Schwab Investment Management Inc. owned about 2.18% of Interparfums worth $79,645,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IPAR. LPL Financial LLC grew its position in Interparfums by 12.9% in the fourth quarter. LPL Financial LLC now owns 9,939 shares of the company's stock valued at $1,307,000 after acquiring an additional 1,133 shares during the last quarter. Wells Fargo & Company MN grew its position in Interparfums by 3.8% in the fourth quarter. Wells Fargo & Company MN now owns 49,109 shares of the company's stock valued at $6,458,000 after acquiring an additional 1,780 shares during the last quarter. Bank of Montreal Can grew its position in Interparfums by 4.9% in the fourth quarter. Bank of Montreal Can now owns 6,068 shares of the company's stock valued at $798,000 after acquiring an additional 283 shares during the last quarter. Invesco Ltd. grew its position in Interparfums by 4.1% in the fourth quarter. Invesco Ltd. now owns 362,518 shares of the company's stock valued at $47,675,000 after acquiring an additional 14,254 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Interparfums by 7.9% in the fourth quarter. Legal & General Group Plc now owns 53,264 shares of the company's stock valued at $7,005,000 after acquiring an additional 3,911 shares during the last quarter. Institutional investors own 55.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on IPAR shares. BWS Financial restated a "buy" rating and set a $172.00 price target on shares of Interparfums in a report on Wednesday, May 7th. Piper Sandler reaffirmed an "overweight" rating and issued a $138.00 price objective (down from $169.00) on shares of Interparfums in a research note on Thursday, April 24th.

Insider Activity at Interparfums

In other Interparfums news, VP Philippe Santi sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $139.23, for a total value of $139,230.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gilbert Harrison sold 400 shares of the business'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 transaction, the director directly owned 1,550 shares in the company, valued at approximately $207,638. This trade represents a 20.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 43.70% of the stock is currently owned by insiders.

Interparfums Trading Up 1.7%

Shares of Interparfums stock traded up $1.90 during midday trading on Monday, reaching $114.70. The company had a trading volume of 144,304 shares, compared to its average volume of 237,364. The stock has a fifty day moving average price of $129.33 and a 200 day moving average price of $125.63. 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 firm has a market cap of $3.68 billion, a PE ratio of 22.99 and a beta of 1.43. Interparfums, Inc. has a fifty-two week low of $97.65 and a fifty-two week high of $148.15.

Interparfums (NASDAQ:IPAR - Get Free Report) last posted 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). The company had revenue of $333.94 million during the quarter, compared to analyst estimates of $357.58 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%. Interparfums's revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share. On average, equities analysts anticipate that Interparfums, Inc. will post 5.14 earnings per share for the current 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.