MQS Management LLC Makes New Investment in Interparfums, Inc. (NASDAQ:IPAR)

MQS Management LLC bought a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 1,970 shares of the company's stock, valued at approximately $224,000.

Several other hedge funds have also modified their holdings of the stock. Eukles Asset Management acquired a new position in Interparfums during the 1st quarter worth $30,000. CWM LLC boosted its position in Interparfums by 29.4% during 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. Blue Trust Inc. boosted its position in Interparfums by 52.0% during the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock worth $58,000 after acquiring an additional 173 shares during the period. Coppell Advisory Solutions LLC boosted its position in 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, Canada Pension Plan Investment Board raised its stake in shares of Interparfums by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock worth $105,000 after buying an additional 400 shares in the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IPAR. DA Davidson reaffirmed a "buy" rating and set a $170.00 target price on shares of Interparfums in a research report on Tuesday, March 25th. BWS Financial reaffirmed a "buy" rating and set a $172.00 target price on shares of Interparfums in a research report on Wednesday, May 7th. Finally, Piper Sandler reissued an "overweight" rating and set a $138.00 price target (down from $169.00) on shares of Interparfums in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $162.00.

Insider Transactions at Interparfums

In related news, VP Philippe Santi sold 1,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $139.23, for a total transaction of $139,230.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total value of $183,225.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,900 shares of company stock valued at $376,039. Corporate insiders own 43.90% of the company's stock.

Interparfums Stock Up 1.5%

IPAR stock traded up $2.03 during mid-day trading on Wednesday, hitting $133.31. The stock had a trading volume of 156,154 shares, compared to its average volume of 191,015. The company has a fifty day moving average of $132.84 and a 200 day moving average of $127.83. The company has a current ratio of 2.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.11. Interparfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 25.94 and a beta of 1.36.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.19. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. The firm had revenue of $339.00 million during the quarter, compared to the consensus estimate of $329.21 million. During the same quarter in the prior year, the company earned $1.27 EPS. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts expect that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

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.