MetLife Investment Management LLC Has $12.19 Million Stock Holdings in Interparfums, Inc. $IPAR

Key Points

• MetLife Investment Management LLC increased its stake in Interparfums, Inc. by 867.2%, owning approximately $12.19 million worth of shares following the purchase of 95,977 additional shares.
• Interparfums, Inc. reported a quarterly earnings miss with earnings per share of $0.99, falling short of analysts' estimates of $1.10, and reported a revenue decline of 2.3% compared to last year.
• Analysts have given Interparfums an average rating of "Buy" with a target price of $162.00, indicating positive outlook amidst recent financial performance concerns.

MetLife Investment Management LLC lifted its stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 867.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 107,044 shares of the company's stock after buying an additional 95,977 shares during the quarter. MetLife Investment Management LLC owned about 0.33% of Interparfums worth $12,189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of IPAR. Eukles Asset Management acquired a new stake in Interparfums in the 1st quarter worth about $30,000. CWM LLC raised its stake in Interparfums by 29.4% in the 1st quarter. CWM LLC now owns 418 shares of the company's stock worth $48,000 after purchasing an additional 95 shares in the last quarter. Blue Trust Inc. raised its stake in Interparfums by 52.0% in the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock worth $58,000 after purchasing an additional 173 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Interparfums in the 1st quarter worth about $104,000. Finally, CX Institutional acquired a new stake in Interparfums in the 1st quarter worth about $117,000. Institutional investors and hedge funds own 55.57% of the company's stock.

Interparfums Price Performance

IPAR stock traded down $1.59 during mid-day trading on Friday, hitting $114.94. The stock had a trading volume of 128,241 shares, compared to its average volume of 250,014. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. Interparfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15. The firm has a market capitalization of $3.69 billion, a P/E ratio of 23.03 and a beta of 1.43. The firm has a fifty day simple moving average of $124.85 and a 200 day simple moving average of $124.07.

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

Insider Activity at Interparfums

In related news, Director Gilbert Harrison sold 400 shares of Interparfums 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 directly owned 1,550 shares of the company's stock, valued at approximately $207,638. The trade was a 20.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 own 43.70% of the company's stock.

Analysts Set New Price Targets

Separately, BWS Financial reiterated a "buy" rating and issued a $172.00 price objective on shares of Interparfums in a research note on Wednesday, May 7th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $162.00.

About Interparfums

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.