Petrus Trust Company LTA Takes Position in Interparfums, Inc. $IPAR

Key Points

• Petrus Trust Company LTA acquired a new stake in Interparfums, Inc. (NASDAQ: IPAR) during the 1st quarter, purchasing 2,848 shares valued at approximately $324,000.
• Interparfums reported earnings per share of $0.99 for the latest quarter, falling short of the analysts' consensus estimate of $1.10, with revenue down 2.3% compared to the previous year.
• Corporate insiders own 43.70% of Interparfums' stock, with Director Gilbert Harrison reducing his holding by 20.51% through a recent sale of 400 shares.

Petrus Trust Company LTA purchased a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,848 shares of the company's stock, valued at approximately $324,000.

Several other institutional investors and hedge funds have also made changes to their positions in IPAR. Bank of America Corp DE raised its position in shares of Interparfums by 10.9% during the 4th quarter. Bank of America Corp DE now owns 195,771 shares of the company's stock valued at $25,746,000 after acquiring an additional 19,284 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Interparfums in the fourth quarter worth $2,388,000. Cetera Investment Advisers increased its position in Interparfums by 1.7% in the fourth quarter. Cetera Investment Advisers now owns 5,796 shares of the company's stock worth $762,000 after buying an additional 96 shares during the period. Crestline Management LP acquired a new stake in Interparfums in the fourth quarter worth $212,000. Finally, Deutsche Bank AG increased its position in Interparfums by 41.9% in the fourth quarter. Deutsche Bank AG now owns 19,337 shares of the company's stock worth $2,543,000 after buying an additional 5,712 shares during the period. 55.57% of the stock is owned by institutional investors and hedge funds.

Interparfums Stock Performance

NASDAQ IPAR traded down $1.82 during trading hours on Friday, hitting $106.71. The company had a trading volume of 263,556 shares, compared to its average volume of 225,241. Interparfums, Inc. has a fifty-two week low of $97.65 and a fifty-two week high of $148.15. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $120.38 and a 200-day simple moving average of $122.26. The firm has a market cap of $3.43 billion, a P/E ratio of 21.38 and a beta of 1.44.

Interparfums (NASDAQ:IPAR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.11). Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The company had revenue of $333.94 million during the quarter, compared to analyst estimates of $357.58 million. During the same period in the prior year, the business earned $1.14 earnings per share. Interparfums'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. Equities analysts predict that Interparfums, Inc. will post 5.14 EPS for the current year.

Insider Activity at Interparfums

In other news, Director Gilbert Harrison sold 400 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $133.96, for a total transaction of $53,584.00. Following the transaction, the director directly owned 1,550 shares of the company's stock, valued at approximately $207,638. This trade represents a 20.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 43.70% of the company's stock.

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.