T. Rowe Price Investment Management Inc. Grows Stake in Interparfums, Inc. $IPAR

Key Points

• T. Rowe Price Investment Management Inc. increased its stock position in Interparfums, Inc. by 0.7%, now owning approximately 3.53% of the company with a total value of $129 million.
• Interparfums reported a Q2 EPS of $0.99, missing estimates of $1.10, and revenues of $333.94 million, which were below the consensus estimate of $357.58 million, reflecting a 2.3% year-over-year decline.
• Analysts maintain a consensus rating of "Buy" for Interparfums, with an average price target of $162.00, despite Piper Sandler adjusting its price objective down to $138.00.

T. Rowe Price Investment Management Inc. raised its stake in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,133,046 shares of the company's stock after buying an additional 8,318 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 3.53% of Interparfums worth $129,020,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in Interparfums by 251.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock valued at $79,645,000 after purchasing an additional 500,378 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of Interparfums during the fourth quarter valued at about $46,649,000. Victory Capital Management Inc. grew its position in shares of Interparfums by 26.9% during the 1st 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 period. Vanguard Group Inc. increased its holdings in shares of Interparfums by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company's stock worth $241,194,000 after buying an additional 67,533 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Interparfums in the 1st quarter worth about $5,515,000. Institutional investors and hedge funds own 55.57% of the company's stock.

Analyst Ratings Changes

Separately, BWS Financial reissued a "buy" rating and set a $172.00 price target on shares of Interparfums in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Interparfums presently has an average rating of "Buy" and a consensus price target of $162.00.

Insider Activity at Interparfums

In other Interparfums news, Director Gilbert Harrison sold 400 shares of Interparfums 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 transaction, the director owned 1,550 shares of the company's stock, valued at $207,638. The trade was a 20.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Philippe Santi sold 1,000 shares of the company'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 Up 0.9%

Shares of NASDAQ IPAR traded up $1.02 during mid-day trading on Wednesday, hitting $115.05. The company had a trading volume of 28,748 shares, compared to its average volume of 237,511. The company has a market capitalization of $3.70 billion, a PE ratio of 23.12 and a beta of 1.43. The firm has a 50-day simple moving average of $125.85 and a two-hundred day simple moving average of $124.50. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. Interparfums, Inc. has a one year low of $97.65 and a one year high of $148.15.

Interparfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.11). Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The business had revenue of $333.94 million for the quarter, compared to analyst estimates of $357.58 million. During the same quarter in the previous year, the business posted $1.14 earnings per share. The business's revenue was down 2.3% on a year-over-year basis. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. On average, equities analysts expect that Interparfums, Inc. will post 5.14 EPS for the current year.

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.