Vanguard Group Inc. Increases Stake in Interparfums, Inc. $IPAR

Key Points

• Vanguard Group Inc. increased its stake in Interparfums, Inc. by 3.3%, acquiring an additional 67,533 shares, bringing its total ownership to 6.59% valued at approximately $241.2 million.
• Interparfums reported a missed earnings estimate for the last quarter, with an EPS of $0.99 compared to the consensus of $1.10, and a year-over-year revenue decline of 2.3%.
• Currently, institutional investors own 55.57% of Interparfums, reflecting significant interest from major funds amid recent **trades and changes in positions** by various investors.

Vanguard Group Inc. grew its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,118,154 shares of the company's stock after acquiring an additional 67,533 shares during the quarter. Vanguard Group Inc. owned 6.59% of Interparfums worth $241,194,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Westwood Holdings Group Inc. purchased a new position in Interparfums during the 4th quarter valued at about $46,649,000. Victory Capital Management Inc. increased its stake in shares of Interparfums by 26.9% during the first quarter. Victory Capital Management Inc. now owns 715,004 shares of the company's stock valued at $81,418,000 after buying an additional 151,358 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Interparfums by 10.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company's stock valued at $147,913,000 after buying an additional 108,321 shares during the period. Teacher Retirement System of Texas purchased a new stake in Interparfums in the first quarter worth $5,114,000. Finally, Bessemer Group Inc. boosted its holdings in Interparfums by 26.2% in the first quarter. Bessemer Group Inc. now owns 179,355 shares of the company's stock valued at $20,423,000 after acquiring an additional 37,184 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company's stock.

Insiders Place Their Bets

In other news, Director Gilbert Harrison sold 400 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $133.96, for a total transaction of $53,584.00. Following the transaction, the director owned 1,550 shares of the company's stock, valued at approximately $207,638. This represents a 20.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Philippe Santi sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $139.23, for a total value of $139,230.00. The disclosure for this sale can be found here. Company insiders own 43.70% of the company's stock.

Wall Street Analysts Forecast Growth

IPAR has been the topic of a number of research reports. BWS Financial restated a "buy" rating and set a $172.00 target price on shares of Interparfums in a report on Wednesday, May 7th. Piper Sandler reaffirmed an "overweight" rating and set a $138.00 target price (down previously from $169.00) on shares of Interparfums in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $162.00.

Interparfums Stock Performance

NASDAQ:IPAR traded up $4.1650 during mid-day trading on Friday, hitting $115.8350. 102,667 shares of the company traded hands, compared to its average volume of 238,735. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 23.19 and a beta of 1.43. Interparfums, Inc. has a one year low of $97.65 and a one year high of $148.15. The stock's fifty day moving average price is $127.13 and its 200-day moving average price is $125.07. 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 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 business had revenue of $333.94 million during the quarter, compared to analysts' expectations of $357.58 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 EPS. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Research analysts anticipate that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal 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.