Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in Interparfums, Inc. (NASDAQ:IPAR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Interparfums, Inc., investing approximately $1.63 million for 14,344 shares during the first quarter.
• The stock of Interparfums is currently trading down 1.9%, reaching a market price of $118.32, with a market capitalization of $3.80 billion.
• In the first quarter, institutional investors collectively own about 55.57% of Interparfums stock, indicating significant confidence from larger financial entities.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,344 shares of the company's stock, valued at approximately $1,633,000.

Several other institutional investors have also made changes to their positions in IPAR. Eukles Asset Management bought a new stake in Interparfums during the first quarter worth $30,000. CWM LLC lifted its stake in shares of Interparfums by 29.4% in the 1st quarter. CWM LLC now owns 418 shares of the company's stock valued at $48,000 after acquiring an additional 95 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Interparfums by 52.0% in the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock valued at $58,000 after acquiring an additional 173 shares during the last quarter. Coppell Advisory Solutions LLC lifted its stake in shares of Interparfums by 210.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock valued at $67,000 after acquiring an additional 347 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Interparfums by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock valued at $105,000 after acquiring an additional 400 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors.

Insider Transactions at Interparfums

In related news, VP Philippe Santi sold 1,000 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total value of $139,230.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gilbert Harrison sold 400 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 1,550 shares in the company, valued at approximately $207,638. The trade was a 20.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,900 shares of company stock valued at $376,039 in the last 90 days. 43.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on IPAR shares. Piper Sandler reiterated an "overweight" rating and issued a $138.00 price target (down from $169.00) on shares of Interparfums in a research note on Thursday, April 24th. BWS Financial reiterated a "buy" rating and issued a $172.00 price target on shares of Interparfums in a research note on Wednesday, May 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Interparfums currently has an average rating of "Moderate Buy" and a consensus price target of $162.00.

Interparfums Trading Down 0.8%

Interparfums stock traded down $0.94 during trading hours on Tuesday, reaching $119.02. 156,233 shares of the company's stock were exchanged, compared to its average volume of 235,221. The company has a quick ratio of 1.68, a current ratio of 2.97 and a debt-to-equity ratio of 0.11. The firm's 50 day simple moving average is $132.79 and its 200 day simple moving average is $127.22. Interparfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The firm has a market capitalization of $3.82 billion, a PE ratio of 23.15 and a beta of 1.44.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.19. The company had revenue of $339.00 million for the quarter, compared to analysts' expectations of $329.21 million. Interparfums had a net margin of 11.30% and a return on equity of 17.62%. The business's revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 EPS. Research analysts predict that Interparfums, Inc. will post 5.14 earnings per share for the current year.

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.