VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Interparfums, Inc. $IPAR

Key Points

• Virginia Retirement Systems initiated a position in Interparfums during the second quarter, purchasing 10,344 shares valued at approximately $1.16 million. Institutional investors and hedge funds own 55.57% of the company.
• Interparfums reported quarterly earnings of $0.95 per share and revenue of $341.04 million, both essentially matching analyst expectations; revenue increased 2.1% year over year. Management’s fiscal 2026 EPS guidance is $4.85.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $123.29. Recent actions included upgrades to price targets but downgrades from several firms, while a company director sold 900 shares for roughly $105,000.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Interparfums, Inc. (NASDAQ:IPAR - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,344 shares of the company's stock, valued at approximately $1,157,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. increased its holdings in Interparfums by 172.2% during the 4th quarter. Hantz Financial Services Inc. now owns 343 shares of the company's stock worth $29,000 after purchasing an additional 217 shares during the period. Advisory Services Network LLC purchased a new position in shares of Interparfums in the 3rd quarter valued at about $40,000. Versant Capital Management Inc boosted its stake in shares of Interparfums by 75.4% in the 2nd quarter. Versant Capital Management Inc now owns 428 shares of the company's stock valued at $48,000 after buying an additional 184 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Interparfums during the second quarter worth about $48,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Interparfums by 34.2% during the first quarter. EverSource Wealth Advisors LLC now owns 487 shares of the company's stock worth $44,000 after buying an additional 124 shares in the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Interparfums Trading Up 1.4%

NASDAQ:IPAR opened at $112.01 on Friday. The stock has a 50-day simple moving average of $119.00 and a 200-day simple moving average of $103.45. The stock has a market cap of $3.59 billion, a P/E ratio of 21.42 and a beta of 1.12. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $129.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.00 and a current ratio of 3.31.

Interparfums (NASDAQ:IPAR - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, hitting the consensus estimate of $0.95. The business had revenue of $341.04 million for the quarter, compared to analyst estimates of $341.00 million. Interparfums had a return on equity of 15.21% and a net margin of 11.17%.The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.99 EPS. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. As a group, analysts anticipate that Interparfums, Inc. will post 4.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on IPAR shares. The Goldman Sachs Group lowered shares of Interparfums from a "buy" rating to a "neutral" rating and upped their target price for the stock from $110.00 to $129.00 in a research note on Monday, August 10th. Canaccord Genuity Group lifted their price target on shares of Interparfums from $141.00 to $151.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. BWS Financial cut shares of Interparfums from a "neutral" rating to a "sell" rating and set a $85.00 price target for the company. in a report on Monday, August 17th. TD Cowen downgraded shares of Interparfums from a "buy" rating to a "hold" rating and increased their price objective for the company from $110.00 to $120.00 in a research report on Monday, August 10th. Finally, Berenberg Bank lowered shares of Interparfums from a "buy" rating to a "hold" rating and set a $130.00 price objective on the stock. in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $123.29.

Insider Buying and Selling

In other Interparfums news, Director Veronique Gabai-Pinsky sold 900 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $116.86, for a total transaction of $105,174.00. Following the sale, the director owned 900 shares of the company's stock, valued at approximately $105,174. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 43.60% of the stock is owned by corporate insiders.

About Interparfums

Inter Parfums, Inc NASDAQ: IPAR develops, manufactures and distributes prestige fragrances and fragrance-related products. Its offerings include perfumes, eau de toilette, body care products and other beauty items marketed under a portfolio of internationally recognized designer and luxury brands.

The company operates through European and United States-based activities and typically works under license agreements with fashion houses, luxury-goods companies and other brand owners. Its portfolio has included brands such as Montblanc, Jimmy Choo, Coach, Kate Spade, Karl Lagerfeld, Oscar de la Renta, Rochas, Boucheron and Van Cleef & Arpels.

Want to see what other hedge funds are holding IPAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interparfums, Inc. (NASDAQ:IPAR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.