Segall Bryant & Hamill LLC lessened its stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,903 shares of the company's stock after selling 2,840 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.12% of Interparfums worth $4,544,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eukles Asset Management purchased a new stake in shares of Interparfums during the first quarter valued at $30,000. CWM LLC raised its stake in shares of Interparfums by 29.4% in the first quarter. CWM LLC now owns 418 shares of the company's stock worth $48,000 after buying an additional 95 shares during the period. Blue Trust Inc. boosted its stake in Interparfums by 52.0% in the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock worth $58,000 after purchasing an additional 173 shares during the period. Coppell Advisory Solutions LLC boosted its stake in Interparfums by 210.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock worth $67,000 after purchasing an additional 347 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Interparfums by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock valued at $105,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 55.57% of the company's stock.
Insider Activity at Interparfums
In other news, VP Philippe Santi sold 1,000 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $139.23, for a total value of $139,230.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gilbert Harrison sold 400 shares of the company's 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 completion of the sale, the director owned 1,550 shares in the company, valued at $207,638. This represents a 20.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,900 shares of company stock worth $376,039 over the last three months. 43.90% of the stock is currently owned by corporate insiders.
Interparfums Trading Down 0.7%
IPAR traded down $0.97 during mid-day trading on Friday, hitting $129.50. 216,218 shares of the stock were exchanged, compared to its average volume of 192,055. The firm's fifty day moving average is $133.53 and its two-hundred day moving average is $127.83. Interparfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15. 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 $4.16 billion, a PE ratio of 25.19 and a beta of 1.36.
Interparfums (NASDAQ:IPAR - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.19. The business had revenue of $339.00 million for the quarter, compared to analyst estimates of $329.21 million. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.27 EPS. Equities analysts forecast that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Piper Sandler restated an "overweight" rating and set a $138.00 price target (down previously from $169.00) on shares of Interparfums in a research note on Thursday, April 24th. BWS Financial restated a "buy" rating and set a $172.00 price target on shares of Interparfums in a research note on Wednesday, May 7th. Finally, DA Davidson reiterated a "buy" rating and issued a $170.00 target price on shares of Interparfums in a research report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $162.00.
Check Out Our Latest Stock Analysis on Interparfums
Interparfums Company Profile
(
Free Report)
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.
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