Public Sector Pension Investment Board Increases Holdings in Interparfums, Inc. $IPAR

Key Points

• Public Sector Pension Investment Board increased its stake in Interparfums, Inc. by 27.1%, acquiring an additional 12,119 shares for a total of 56,843 shares worth approximately $6.47 million.
• Despite the increase in holdings by institutional investors, Interparfums' quarterly earnings report revealed an EPS of $0.99, falling short of analyst estimates by $0.11, and revenues were down 2.3% year over year.
• Interparfums announced a quarterly dividend of $0.80 per share, representing an annualized yield of 2.8%, with the payout set for September 30th.

Public Sector Pension Investment Board raised its position in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 27.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 56,843 shares of the company's stock after acquiring an additional 12,119 shares during the period. Public Sector Pension Investment Board owned approximately 0.18% of Interparfums worth $6,473,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Interparfums by 29.4% in the first quarter. CWM LLC now owns 418 shares of the company's stock valued at $48,000 after purchasing an additional 95 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Interparfums by 1.7% in the fourth quarter. Cetera Investment Advisers now owns 5,796 shares of the company's stock valued at $762,000 after purchasing an additional 96 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Interparfums by 5.7% in the first quarter. PNC Financial Services Group Inc. now owns 1,823 shares of the company's stock valued at $208,000 after purchasing an additional 98 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Interparfums by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,907 shares of the company's stock valued at $251,000 after purchasing an additional 121 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC lifted its holdings in shares of Interparfums by 6.1% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 2,249 shares of the company's stock valued at $296,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on IPAR shares. Piper Sandler restated an "overweight" rating and issued a $138.00 target price (down previously from $169.00) on shares of Interparfums in a report on Thursday, April 24th. BWS Financial reiterated a "buy" rating and set a $172.00 price target on shares of Interparfums in a report on Wednesday, May 7th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $162.00.

Insider Buying and Selling at Interparfums

In other Interparfums news, Director Gilbert Harrison sold 400 shares of the business's stock in a transaction on Monday, June 23rd. The stock was 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 $207,638. The trade was a 20.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Philippe Santi sold 1,000 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total value of $139,230.00. The disclosure for this sale can be found here. Insiders own 43.70% of the company's stock.

Interparfums Stock Performance

Shares of IPAR traded down $1.61 during mid-day trading on Thursday, hitting $111.67. The stock had a trading volume of 192,800 shares, compared to its average volume of 292,536. The firm has a market cap of $3.59 billion, a P/E ratio of 22.38 and a beta of 1.43. The business has a fifty day moving average price of $127.13 and a 200-day moving average price of $125.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. Interparfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15.

Interparfums (NASDAQ:IPAR - Get Free Report) last issued its earnings results 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). The firm had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The business's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. On average, equities research analysts expect that Interparfums, Inc. will post 5.14 EPS for the current year.

Interparfums Company 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.