PDT Partners LLC Makes New $13.38 Million Investment in Interparfums, Inc. $IPAR

Key Points

• PDT Partners initiated a $13.38 million position in Interparfums, purchasing 119,601 shares, while institutional investors collectively own 55.57% of the company.
• Analyst sentiment is mixed: recent downgrades helped produce a consensus “Hold” rating, with an average price target of $123.29 versus the stock’s $116.56 opening price.
• Interparfums met quarterly expectations with $0.95 in earnings per share and $341.04 million in revenue, up 2.1% year over year; full-year EPS guidance remains $4.85.

PDT Partners LLC bought a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 119,601 shares of the company's stock, valued at approximately $13,379,000. PDT Partners LLC owned approximately 0.37% of Interparfums at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Legal & General Group Plc purchased a new stake in shares of Interparfums during the 2nd quarter worth $4,861,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Interparfums during the second quarter valued at about $1,036,000. Van Hulzen Asset Management LLC bought a new stake in shares of Interparfums in the 2nd quarter valued at about $1,137,000. Algert Global LLC raised its stake in shares of Interparfums by 16.5% during the 2nd quarter. Algert Global LLC now owns 42,030 shares of the company's stock worth $4,701,000 after acquiring an additional 5,940 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Interparfums during the second quarter valued at approximately $262,000. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on IPAR shares. BWS Financial lowered Interparfums from a "neutral" rating to a "sell" rating and set a $85.00 price objective for the company. in a report on Monday, August 17th. Berenberg Bank lowered Interparfums from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a research report on Friday, August 14th. Weiss Ratings upgraded Interparfums from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 8th. The Goldman Sachs Group downgraded Interparfums from a "buy" rating to a "neutral" rating and raised their price target for the stock from $110.00 to $129.00 in a report on Monday, August 10th. Finally, Canaccord Genuity Group boosted their price target on Interparfums from $141.00 to $151.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $123.29.

Interparfums Trading Down 0.2%

NASDAQ IPAR opened at $116.56 on Wednesday. Interparfums, Inc. has a 12-month low of $77.21 and a 12-month high of $129.29. The company has a fifty day simple moving average of $116.75 and a two-hundred day simple moving average of $102.20. The company has a current ratio of 3.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.73 billion, a P/E ratio of 22.29 and a beta of 1.11.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, meeting analysts' consensus estimates of $0.95. The firm had revenue of $341.04 million for the quarter, compared to analyst estimates of $341.00 million. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, analysts forecast that Interparfums, Inc. will post 4.85 earnings per share for the current year.

Interparfums Company Profile

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company's core activities include fragrance creation, brand management and international logistics.

Want to see what other hedge funds are holding IPAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interparfums, Inc. (NASDAQ:IPAR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source