Teachers Retirement System of The State of Kentucky Sells 2,319 Shares of Interparfums, Inc. (NASDAQ:IPAR)

Teachers Retirement System of The State of Kentucky lessened its holdings in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 10.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,715 shares of the company's stock after selling 2,319 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of Interparfums worth $2,359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IPAR. Victory Capital Management Inc. raised its holdings in shares of Interparfums by 26.9% during the first quarter. Victory Capital Management Inc. now owns 715,004 shares of the company's stock valued at $81,418,000 after buying an additional 151,358 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in Interparfums by 24.6% in the first quarter. Edgestream Partners L.P. now owns 49,352 shares of the company's stock worth $5,620,000 after purchasing an additional 9,754 shares during the period. Aurora Investment Counsel increased its stake in Interparfums by 2.0% during the 1st quarter. Aurora Investment Counsel now owns 19,832 shares of the company's stock valued at $2,258,000 after buying an additional 390 shares during the period. MQS Management LLC bought a new stake in shares of Interparfums during the 1st quarter worth about $224,000. Finally, CWM LLC lifted its stake in shares of Interparfums by 29.4% in the 1st quarter. CWM LLC now owns 418 shares of the company's stock worth $48,000 after acquiring an additional 95 shares during the period. 55.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IPAR shares. BWS Financial reiterated a "buy" rating and set a $172.00 price objective on shares of Interparfums in a research report on Wednesday, May 7th. Piper Sandler reissued an "overweight" rating and issued a $138.00 price target (down previously from $169.00) on shares of Interparfums in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Interparfums presently has an average rating of "Moderate Buy" and a consensus price target of $162.00.

Interparfums Trading Down 7.7%

IPAR traded down $10.22 during mid-day trading on Thursday, hitting $122.00. The stock had a trading volume of 644,255 shares, compared to its average volume of 179,327. Interparfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 23.74 and a beta of 1.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 1.68. The stock's fifty day simple moving average is $133.98 and its 200-day simple moving average is $127.88.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.13 by $0.19. The firm 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%. The business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 EPS. As a group, research analysts forecast that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gilbert Harrison sold 400 shares of the stock in a transaction that occurred 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 owned 1,550 shares in the company, valued at approximately $207,638. This trade represents a 20.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Philippe Santi sold 1,000 shares of Interparfums stock in a transaction that occurred 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. Insiders sold 2,900 shares of company stock worth $376,039 in the last quarter. 43.90% of the stock is currently 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.