Vanguard Personalized Indexing Management LLC Raises Stock Position in Interparfums, Inc. $IPAR

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Interparfums, Inc. by 93.9% in Q2, owning 6,920 shares valued at approximately $909,000.
• Interparfums reported Q2 earnings of $0.99 EPS, missing the consensus estimate of $1.10, with a revenue of $333.94 million, down 2.3% year-over-year.
• Analysts have a consensus rating of Moderate Buy for Interparfums, with a price target of $162.00, following a hold rating reissued by Weiss Ratings.

Vanguard Personalized Indexing Management LLC boosted its holdings in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 93.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,920 shares of the company's stock after buying an additional 3,352 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Interparfums were worth $909,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of IPAR. Blue Trust Inc. increased its stake in Interparfums by 52.0% in the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock worth $58,000 after buying an additional 173 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Interparfums by 26.2% during the 1st quarter. Bessemer Group Inc. now owns 179,355 shares of the company's stock valued at $20,423,000 after purchasing an additional 37,184 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Interparfums by 1.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 9,623 shares of the company's stock valued at $1,096,000 after purchasing an additional 156 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Interparfums during the 1st quarter valued at about $1,714,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Interparfums during the 1st quarter valued at about $5,114,000. Hedge funds and other institutional investors own 55.57% of the company's stock.

Interparfums Stock Up 2.5%

Shares of NASDAQ:IPAR opened at $98.37 on Monday. 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 12 month low of $91.06 and a 12 month high of $148.15. The company has a 50-day moving average price of $105.89 and a 200 day moving average price of $117.75. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 19.71 and a beta of 1.35.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.11). Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The business had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. During the same period in the previous year, the business posted $1.14 EPS. The firm's revenue was down 2.3% on a year-over-year basis. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, equities research analysts predict that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Interparfums in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

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.

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