TD Asset Management Inc Has $2.23 Million Stock Position in Interparfums, Inc. $IPAR

TD Asset Management Inc trimmed its stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 15.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,996 shares of the company's stock after selling 3,110 shares during the quarter. TD Asset Management Inc owned 0.05% of Interparfums worth $2,232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Interparfums by 251.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock worth $79,645,000 after purchasing an additional 500,378 shares during the last quarter. Victory Capital Management Inc. raised 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 last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Interparfums by 31.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 464,878 shares of the company's stock valued at $52,936,000 after buying an additional 110,163 shares during the period. GW Henssler & Associates Ltd. acquired a new position in shares of Interparfums in the 2nd quarter valued at $12,701,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Interparfums by 867.2% in the 1st quarter. MetLife Investment Management LLC now owns 107,044 shares of the company's stock valued at $12,189,000 after buying an additional 95,977 shares during the period. Institutional investors own 55.57% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IPAR. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Interparfums in a research note on Wednesday, October 8th. Canaccord Genuity Group restated a "buy" rating and set a $168.00 price objective on shares of Interparfums in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $162.00.

Interparfums Stock Up 0.4%

Interparfums stock opened at $99.23 on Wednesday. Interparfums, Inc. has a twelve month low of $91.06 and a twelve month high of $148.15. The company's 50-day moving average price is $105.22 and its two-hundred day moving average price is $117.58. The stock has a market cap of $3.19 billion, a P/E ratio of 19.89 and a beta of 1.35. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $357.58 million. During the same period in the prior year, the business posted $1.14 earnings per share. The firm's revenue for the quarter 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, analysts expect that Interparfums, Inc. will post 5.14 EPS for the current year.

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.

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