Royce & Associates LP Has $46.68 Million Position in Interparfums, Inc. (NASDAQ:IPAR)

Royce & Associates LP cut its position in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 23.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409,968 shares of the company's stock after selling 128,624 shares during the period. Royce & Associates LP owned 1.28% of Interparfums worth $46,683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC increased its position in Interparfums by 15.2% in the 4th quarter. HighTower Advisors LLC now owns 3,418 shares of the company's stock worth $450,000 after buying an additional 452 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Interparfums by 7.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company's stock worth $239,000 after buying an additional 124 shares during the period. Cibc World Markets Corp bought a new position in Interparfums in the 4th quarter worth approximately $224,000. American Century Companies Inc. increased its position in Interparfums by 23.3% in the 4th quarter. American Century Companies Inc. now owns 453,993 shares of the company's stock worth $59,705,000 after buying an additional 85,871 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Interparfums by 72.3% during the 4th quarter. Sei Investments Co. now owns 70,144 shares of the company's stock worth $9,225,000 after purchasing an additional 29,427 shares in the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Interparfums

In other Interparfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total value of $183,225.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Philippe Santi sold 1,000 shares of the business's stock in a transaction dated 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. Over the last quarter, insiders sold 2,900 shares of company stock worth $376,039. 43.90% of the stock is owned by insiders.

Interparfums Price Performance

IPAR stock traded up $4.04 during trading on Monday, hitting $125.09. The company had a trading volume of 293,099 shares, compared to its average volume of 235,296. The company has a fifty day moving average price of $133.80 and a two-hundred day moving average price of $127.70. The company has a current ratio of 2.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.02 billion, a P/E ratio of 24.34 and a beta of 1.36. Interparfums, Inc. has a fifty-two week low of $97.65 and a fifty-two week high of $148.15.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.19. The company had revenue of $339.00 million during the quarter, compared to the consensus estimate of $329.21 million. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.27 earnings per share. Equities research analysts expect that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. BWS Financial reissued a "buy" rating and set a $172.00 price objective on shares of Interparfums in a report on Wednesday, May 7th. Piper Sandler reissued an "overweight" rating and set a $138.00 price objective (down previously from $169.00) on shares of Interparfums in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.