Interparfums, Inc. $IPAR Position Trimmed by Trexquant Investment LP

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 position in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 83.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Synovus Financial Corp increased its stake in shares of Interparfums by 20.7% in the first quarter. Synovus Financial Corp now owns 5,566 shares of the company's stock worth $634,000 after buying an additional 954 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Interparfums by 867.2% in the first 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 bought a new stake in shares of Interparfums in the first quarter worth $892,000. Bahl & Gaynor Inc. increased its stake in shares of Interparfums by 16.4% in the first 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 bought a new stake in shares of Interparfums in the first quarter worth $189,000. 55.57% of the stock is owned by institutional investors and hedge funds.

Interparfums Stock Down 0.5%

Shares of NASDAQ:IPAR traded down $0.53 during midday trading on Monday, reaching $106.18. The company had a trading volume of 340,337 shares, compared to its average volume of 225,241. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. The stock's fifty day moving average price is $119.78 and its 200-day moving average price is $122.04. The stock has a market capitalization of $3.41 billion, a P/E ratio of 21.28 and a beta of 1.44. 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 (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($0.11). The company had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Equities research analysts expect that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Interparfums news, Director Gilbert Harrison sold 400 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $133.96, for a total transaction of $53,584.00. Following the completion of the sale, the director owned 1,550 shares in the company, 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 Securities & Exchange Commission, which is available at this link. 43.70% of the stock is currently owned by insiders.

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.