Trexquant Investment LP Lowers Holdings in Interparfums, Inc. $IPAR

Key Points

• Trexquant Investment LP slashed its stake in Interparfums, Inc. by 83.7% in the first quarter, bringing its holdings down to 2,298 shares valued at $262,000.
• Other hedge funds have been active with Interparfums, including Bank of America, which raised its position by 10.9%, now holding 195,771 shares worth approximately $25.7 million.
• Interparfums reported a missed earnings estimate for the latest quarter, with earnings per share at $0.99 compared to the consensus of $1.10, along with a 2.3% decline in revenue year-over-year.

Trexquant Investment LP reduced its stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 83.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,298 shares of the company's stock after selling 11,829 shares during the period. Trexquant Investment LP's holdings in Interparfums were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Synovus Financial Corp boosted its position in shares of Interparfums by 20.7% during the 1st quarter. Synovus Financial Corp now owns 5,566 shares of the company's stock worth $634,000 after purchasing an additional 954 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Interparfums by 867.2% during the 1st quarter. MetLife Investment Management LLC now owns 107,044 shares of the company's stock worth $12,189,000 after buying an additional 95,977 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Interparfums during the 1st quarter worth $892,000. Bahl & Gaynor Inc. raised its stake in shares of Interparfums by 16.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 374,647 shares of the company's stock worth $42,661,000 after buying an additional 52,802 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Interparfums during the 1st quarter worth $189,000. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Interparfums Price Performance

Shares of NASDAQ:IPAR traded down $1.82 during midday trading on Friday, hitting $106.71. 263,556 shares of the stock were exchanged, compared to its average volume of 223,959. The stock has a market cap of $3.43 billion, a P/E ratio of 21.38 and a beta of 1.44. 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 twelve month low of $97.65 and a twelve month high of $148.15. The company has a 50 day moving average price of $120.38 and a 200-day moving average price of $122.54.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.11). Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The firm had revenue of $333.94 million during the quarter, compared to analyst estimates of $357.58 million. During the same period in the previous year, the firm posted $1.14 EPS. The company'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. On average, research analysts forecast that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Gilbert Harrison sold 400 shares of the business's stock in a transaction dated 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 approximately $207,638. The trade was a 20.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 43.70% of the company's stock.

Interparfums Company 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.