Interparfums, Inc. $IPAR Shares Bought by MetLife Investment Management LLC

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 boosted its holdings in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 867.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,044 shares of the company's stock after purchasing an additional 95,977 shares during the quarter. MetLife Investment Management LLC owned 0.33% of Interparfums worth $12,189,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in shares of Interparfums by 2.3% in the first quarter. Principal Financial Group Inc. now owns 89,580 shares of the company's stock valued at $10,200,000 after buying an additional 2,041 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Interparfums during the first quarter valued at about $1,714,000. Envestnet Asset Management Inc. raised its stake in Interparfums by 10.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 122,594 shares of the company's stock worth $13,960,000 after buying an additional 11,784 shares during the period. Entropy Technologies LP acquired a new position in Interparfums during the 1st quarter valued at about $470,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Interparfums by 251.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock valued at $79,645,000 after buying an additional 500,378 shares during the last quarter. Institutional investors own 55.57% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a "buy" rating and set a $172.00 price target on shares of Interparfums in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $162.00.

Interparfums Stock Down 1.4%

Shares of IPAR traded down $1.59 on Friday, reaching $114.94. The stock had a trading volume of 128,241 shares, compared to its average volume of 237,266. Interparfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 23.03 and a beta of 1.43. The company has a 50-day simple moving average of $125.19 and a 200-day simple moving average of $124.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.69 and a current ratio of 2.96.

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

Insider Activity at Interparfums

In other news, VP Philippe Santi sold 1,000 shares of the 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 filing with the SEC, which is available through this hyperlink. Also, Director Gilbert Harrison sold 400 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $133.96, for a total value of $53,584.00. Following the completion of the sale, the director owned 1,550 shares in the company, valued at approximately $207,638. The trade was 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 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.