Nuveen LLC Invests $5.52 Million in Interparfums, Inc. $IPAR

Key Points

• Nuveen LLC has invested approximately $5.52 million in Interparfums, acquiring 48,433 shares of the company.
• Interparfums reported a quarterly earnings miss, with $0.99 EPS compared to the consensus estimate of $1.10, and revenue of $333.94 million, below expectations.
• Institutional investors own about 55.57% of Interparfums, with notable increases in holdings by Charles Schwab and Victory Capital Management.

Nuveen LLC bought a new stake in Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 48,433 shares of the company's stock, valued at approximately $5,515,000. Nuveen LLC owned approximately 0.15% of Interparfums at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eukles Asset Management purchased a new position in shares of Interparfums during the 1st quarter worth about $30,000. CWM LLC lifted its holdings in shares of 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. lifted its holdings in shares of 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. New Age Alpha Advisors LLC purchased a new position in shares of Interparfums during the 1st quarter worth about $104,000. Finally, CX Institutional purchased a new position in shares of Interparfums during the 1st quarter worth about $117,000. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Interparfums

In other Interparfums news, Director Gilbert Harrison sold 400 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were 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 of the company's stock, valued at $207,638. This trade represents a 20.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Philippe Santi sold 1,000 shares of the firm's stock in a transaction that occurred on 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 company insiders.

Interparfums Stock Down 1.4%

NASDAQ:IPAR traded down $1.59 during trading hours on Friday, hitting $114.94. The stock had a trading volume of 128,241 shares, compared to its average volume of 237,266. 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 1-year low of $97.65 and a 1-year high of $148.15. The business has a 50 day simple moving average of $125.19 and a two-hundred day simple moving average of $124.31. The company has a market cap of $3.69 billion, a PE ratio of 23.03 and a beta of 1.43.

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 the consensus estimate of $1.10 by ($0.11). Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The firm had revenue of $333.94 million during the quarter, compared to analyst estimates of $357.58 million. During the same period last year, the business earned $1.14 EPS. The firm'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. Analysts predict that Interparfums, Inc. will post 5.14 EPS for the current year.

Analysts Set New Price Targets

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

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.