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Invesco Ltd. Reduces Stock Holdings in Interparfums, Inc. $IPAR

Interparfums logo with Consumer Discretionary background

Key Points

  • Invesco Ltd. reduced its stake in Interparfums by 10.8%, selling 39,032 shares and owning 323,486 shares worth approximately $36.8 million as of the latest SEC filing.
  • Institutional investors own 55.57% of Interparfums' stock, with significant recent increases in holdings from various firms including Charles Schwab Investment Management, which grew its stake by 251.4%.
  • Interparfums reported a miss in earnings, with EPS of $0.99 vs. the expected $1.10, and total revenue of $333.94 million compared to forecasts of $357.58 million for the quarter.
  • Need better tools to track Interparfums? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Invesco Ltd. lessened its stake in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 323,486 shares of the company's stock after selling 39,032 shares during the quarter. Invesco Ltd. owned approximately 1.01% of Interparfums worth $36,835,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CWM LLC boosted its stake in Interparfums by 29.4% during the 1st quarter. CWM LLC now owns 418 shares of the company's stock worth $48,000 after purchasing an additional 95 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Interparfums by 1.7% during the 4th quarter. Cetera Investment Advisers now owns 5,796 shares of the company's stock valued at $762,000 after acquiring an additional 96 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Interparfums by 5.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,823 shares of the company's stock valued at $208,000 after acquiring an additional 98 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Interparfums by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,907 shares of the company's stock valued at $251,000 after acquiring an additional 121 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC boosted its position in shares of Interparfums by 6.1% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 2,249 shares of the company's stock valued at $296,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company's stock.

Interparfums Trading Up 3.7%

NASDAQ IPAR traded up $4.10 during trading hours on Friday, reaching $115.77. The company had a trading volume of 116,654 shares, compared to its average volume of 238,816. The stock has a 50-day moving average of $127.13 and a 200 day moving average of $125.07. Interparfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $3.72 billion, a P/E ratio of 23.20 and a beta of 1.43.

Interparfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($0.11). The business had revenue of $333.94 million for the quarter, compared to analysts' expectations of $357.58 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the company earned $1.14 earnings per share. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, research analysts anticipate that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. BWS Financial reissued a "buy" rating and set a $172.00 price target on shares of Interparfums in a research report on Wednesday, May 7th. Piper Sandler reissued an "overweight" rating and set a $138.00 price target (down previously from $169.00) on shares of Interparfums in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Interparfums currently has an average rating of "Buy" and an average target price of $162.00.

Get Our Latest Analysis on Interparfums

Insider Transactions at Interparfums

In other Interparfums 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 sale, the director directly owned 1,550 shares in the company, valued at $207,638. This represents a 20.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 corporate insiders.

About Interparfums

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Interparfums (NASDAQ:IPAR)

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