Victory Capital Management Inc. Increases Stock Holdings in Interparfums, Inc. (NASDAQ:IPAR)

Victory Capital Management Inc. grew its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 26.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 715,004 shares of the company's stock after buying an additional 151,358 shares during the period. Victory Capital Management Inc. owned 2.23% of Interparfums worth $81,418,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IPAR. Vanguard Group Inc. raised its position in Interparfums by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company's stock worth $269,677,000 after buying an additional 20,721 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Interparfums by 10.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company's stock valued at $147,913,000 after purchasing an additional 108,321 shares during the last quarter. American Century Companies Inc. increased its position in shares of Interparfums by 23.3% during the 4th quarter. American Century Companies Inc. now owns 453,993 shares of the company's stock valued at $59,705,000 after purchasing an additional 85,871 shares during the last quarter. Invesco Ltd. increased its position in shares of Interparfums by 4.1% during the 4th quarter. Invesco Ltd. now owns 362,518 shares of the company's stock valued at $47,675,000 after purchasing an additional 14,254 shares during the last quarter. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of Interparfums during the 4th quarter valued at about $46,649,000. Institutional investors own 55.57% of the company's stock.

Interparfums Stock Down 0.3%

Shares of IPAR stock traded down $0.40 on Monday, hitting $129.10. The stock had a trading volume of 171,968 shares, compared to its average volume of 191,975. 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 business has a 50 day moving average price of $133.53 and a 200 day moving average price of $127.82. The company has a market cap of $4.15 billion, a PE ratio of 24.86 and a beta of 1.36. 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 Monday, May 5th. The company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.19. The business had revenue of $339.00 million for the quarter, compared to analyst estimates of $329.21 million. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. The company's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 earnings per share. Research analysts anticipate that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

IPAR has been the subject of several research reports. DA Davidson reaffirmed a "buy" rating and set a $170.00 price target on shares of Interparfums in a research report on Tuesday, March 25th. BWS Financial reissued a "buy" rating and issued a $172.00 target price on shares of Interparfums in a report on Wednesday, May 7th. Finally, Piper Sandler reissued an "overweight" rating and issued a $138.00 target price (down from $169.00) on shares of Interparfums in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $162.00.

Insider Buying and Selling at Interparfums

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 completion of the transaction, the director directly owned 1,550 shares of the company's stock, valued at $207,638. This represents a 20.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Veronique Gabai-Pinsky sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total value of $183,225.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,900 shares of company stock valued at $376,039. 43.90% of the stock is owned by company insiders.

Interparfums 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.