Liontrust Investment Partners LLP Takes Position in Interparfums, Inc. $IPAR

Key Points

• Liontrust Investment Partners LLP has acquired a new stake in Interparfums, Inc., purchasing 6,676 shares valued at approximately $760,000 during the first quarter.
• Several other institutional investors have increased their holdings, with Caitong International Asset Management boosting its stake by 428.5%, while 55.57% of Interparfums' stock is held by institutional investors and hedge funds.
• Interparfums will pay a quarterly dividend of $0.80 per share on September 30th, representing an annualized yield of 2.8% and a payout ratio of 64.13%.

Liontrust Investment Partners LLP acquired a new position in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,676 shares of the company's stock, valued at approximately $760,000.

Several other large investors also recently modified their holdings of IPAR. Eukles Asset Management acquired a new stake in Interparfums during the 1st quarter worth approximately $30,000. CWM LLC increased its position in shares of 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. raised its holdings in shares of Interparfums by 52.0% in the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock valued at $58,000 after purchasing an additional 173 shares during the period. Coppell Advisory Solutions LLC boosted its stake in shares of Interparfums by 210.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock worth $67,000 after acquiring an additional 347 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Interparfums during the 1st quarter worth about $104,000. 55.57% of the stock is currently owned by institutional investors.

Interparfums Trading Down 0.8%

Shares of Interparfums stock traded down $0.93 during trading on Thursday, hitting $112.35. The company's stock had a trading volume of 52,504 shares, compared to its average volume of 238,715. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 22.53 and a beta of 1.43. Interparfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15. The stock has a 50-day moving average price of $127.72 and a two-hundred day moving average price of $125.26. 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 earnings per share (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 the consensus estimate of $357.58 million. During the same quarter last year, the business earned $1.14 earnings per share. Interparfums's revenue was down 2.3% compared to the same quarter last year. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Equities research analysts anticipate that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IPAR. Piper Sandler reaffirmed an "overweight" rating and set a $138.00 target price (down from $169.00) on shares of Interparfums in a report on Thursday, April 24th. BWS Financial reaffirmed a "buy" rating and issued a $172.00 target price on shares of Interparfums in a report on Wednesday, May 7th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $162.00.

Insider Buying and Selling at Interparfums

In other news, Director Gilbert Harrison sold 400 shares of the stock in a transaction 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 completion of 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Philippe Santi sold 1,000 shares of the company's stock in a transaction 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. Corporate insiders own 43.70% of the company's stock.

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.