Virtu Financial LLC bought a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,130 shares of the company's stock, valued at approximately $584,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Entropy Technologies LP bought a new stake in Interparfums in the first quarter worth $470,000. Benjamin Edwards Inc. raised its position in shares of Interparfums by 5.7% in the 1st quarter. Benjamin Edwards Inc. now owns 17,639 shares of the company's stock worth $2,009,000 after purchasing an additional 952 shares during the last quarter. Cynosure Group LLC boosted its stake in Interparfums by 9.8% in the 1st quarter. Cynosure Group LLC now owns 2,563 shares of the company's stock worth $292,000 after purchasing an additional 228 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Interparfums by 251.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock valued at $79,645,000 after purchasing an additional 500,378 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Interparfums by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company's stock valued at $241,194,000 after purchasing an additional 67,533 shares during the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on IPAR. Piper Sandler reaffirmed 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. BWS Financial restated a "buy" rating and issued a $172.00 price objective on shares of Interparfums in a report on Wednesday, May 7th.
Check Out Our Latest Stock Analysis on Interparfums
Interparfums Stock Performance
NASDAQ:IPAR traded up $1.05 during mid-day trading on Monday, reaching $113.85. The company's stock had a trading volume of 157,114 shares, compared to its average volume of 237,439. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. The stock has a market cap of $3.66 billion, a P/E ratio of 22.82 and a beta of 1.43. The firm's fifty day moving average price is $129.33 and its two-hundred day moving average price is $125.63. Interparfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15.
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). The company had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%. The business's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 earnings per share. On average, equities analysts forecast that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.
Insider Activity
In other news, Director Gilbert Harrison sold 400 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $133.96, for a total value of $53,584.00. Following the transaction, the director owned 1,550 shares in the company, valued at $207,638. This represents a 20.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $139,230.00. The disclosure for this sale can be found here. 43.70% of the stock is owned by corporate insiders.
Interparfums Profile
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Free Report)
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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