Tidal Investments LLC Buys Shares of 9,364 Interparfums, Inc. $IPAR

Key Points

• Tidal Investments initiated a position in Interparfums by purchasing 9,364 shares valued at approximately $1.05 million. Institutional investors collectively own 55.57% of the company.
• Analyst sentiment is mixed: the consensus rating is Hold with a $123.29 price target, while some firms raised targets as high as $151 and others downgraded the stock to Sell or Strong Sell.
• Interparfums reported quarterly revenue of $341.04 million and adjusted earnings of $0.95 per share, matching estimates; revenue increased 2.1% year over year, and fiscal-year EPS guidance is $4.85.

Tidal Investments LLC purchased a new position in Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,364 shares of the company's stock, valued at approximately $1,047,000.

Several other large investors also recently modified their holdings of IPAR. BlackRock Inc. bought a new position in Interparfums in the second quarter valued at about $326,252,000. First Trust Advisors LP boosted its holdings in shares of Interparfums by 19.3% in the first quarter. First Trust Advisors LP now owns 879,005 shares of the company's stock worth $79,849,000 after buying an additional 142,223 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Interparfums by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 796,189 shares of the company's stock worth $72,326,000 after buying an additional 20,146 shares during the last quarter. Royce & Associates LP grew its position in Interparfums by 42.0% during the fourth quarter. Royce & Associates LP now owns 683,201 shares of the company's stock valued at $57,956,000 after buying an additional 202,207 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Interparfums during the second quarter valued at approximately $35,603,000. Institutional investors own 55.57% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on IPAR. Jefferies Financial Group upped their target price on shares of Interparfums from $115.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Zacks Research downgraded shares of Interparfums from a "hold" rating to a "strong sell" rating in a research report on Monday, September 14th. BWS Financial lowered Interparfums from a "neutral" rating to a "sell" rating and set a $85.00 price objective for the company. in a research note on Monday, August 17th. TD Cowen cut Interparfums from a "buy" rating to a "hold" rating and raised their target price for the stock from $110.00 to $120.00 in a report on Monday, August 10th. Finally, Canaccord Genuity Group lifted their target price on Interparfums from $141.00 to $151.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $123.29.

Insider Transactions at Interparfums

In other news, Director Veronique Gabai-Pinsky sold 900 shares of Interparfums stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $116.86, for a total transaction of $105,174.00. Following the sale, the director owned 900 shares in the company, valued at $105,174. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 43.60% of the stock is currently owned by company insiders.

Interparfums Stock Up 1.6%

Shares of IPAR stock opened at $112.51 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.31 and a quick ratio of 2.00. Interparfums, Inc. has a one year low of $77.21 and a one year high of $129.29. The company's fifty day moving average price is $118.23 and its 200-day moving average price is $103.77. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 21.51 and a beta of 1.12.

Interparfums (NASDAQ:IPAR - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, hitting the consensus estimate of $0.95. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The company had revenue of $341.04 million during the quarter, compared to the consensus estimate of $341.00 million. During the same quarter in the prior year, the firm posted $0.99 EPS. Interparfums's quarterly revenue was up 2.1% compared to the same quarter last year. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Sell-side analysts expect that Interparfums, Inc. will post 4.85 EPS for the current fiscal year.

About Interparfums

Inter Parfums, Inc NASDAQ: IPAR develops, manufactures and distributes prestige fragrances and fragrance-related products. Its offerings include perfumes, eau de toilette, body care products and other beauty items marketed under a portfolio of internationally recognized designer and luxury brands.

The company operates through European and United States-based activities and typically works under license agreements with fashion houses, luxury-goods companies and other brand owners. Its portfolio has included brands such as Montblanc, Jimmy Choo, Coach, Kate Spade, Karl Lagerfeld, Oscar de la Renta, Rochas, Boucheron and Van Cleef & Arpels.

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