Petrus Trust Company LTA Makes New Investment 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 (SEC). The institutional investor purchased 2,848 shares of the company's stock, valued at approximately $324,000.

Several other hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in Interparfums by 251.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock valued at $79,645,000 after acquiring an additional 500,378 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in Interparfums in the fourth quarter valued at approximately $46,649,000. Victory Capital Management Inc. boosted its stake in Interparfums by 26.9% in the first quarter. Victory Capital Management Inc. now owns 715,004 shares of the company's stock valued at $81,418,000 after acquiring an additional 151,358 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Interparfums by 867.2% in the first quarter. MetLife Investment Management LLC now owns 107,044 shares of the company's stock valued at $12,189,000 after acquiring an additional 95,977 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Interparfums by 3.3% in the first quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company's stock valued at $241,194,000 after acquiring an additional 67,533 shares during the last quarter. 55.57% of the stock is owned by institutional investors.

Interparfums Trading Down 1.7%

IPAR stock traded down $1.82 during midday trading on Friday, reaching $106.71. The company's stock had a trading volume of 263,556 shares, compared to its average volume of 223,959. Interparfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15. The stock has a market cap of $3.43 billion, a PE ratio of 21.38 and a beta of 1.44. 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's 50-day simple moving average is $120.38 and its 200-day simple moving average is $122.39.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 earnings per share (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 during the quarter, compared to the consensus estimate of $357.58 million. During the same period in the previous year, the business posted $1.14 earnings per share. Interparfums'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. As a group, sell-side analysts expect that Interparfums, Inc. will post 5.14 EPS for the current year.

Insiders Place Their Bets

In other Interparfums news, Director Gilbert Harrison sold 400 shares of the stock in a transaction 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 sale, the director directly owned 1,550 shares in the company, valued at approximately $207,638. This trade represents a 20.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 43.70% of the company's stock.

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.