Walleye Capital LLC Buys Shares of 7,836 Interparfums, Inc. $IPAR

Key Points

• Walleye Capital LLC purchased 7,836 shares of Interparfums, Inc. for approximately $892,000, signaling strong institutional interest in the company.
• Analysts maintain a "buy" rating on Interparfums, with a consensus target price of $162.00 and recent earnings report indicating revenue of $333.94 million, which missed expectations.
• Insider transactions show significant share selling, with Director Gilbert Harrison reducing his stake by 20.51% through the sale of shares at an average price of $133.96.

Walleye Capital LLC bought a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,836 shares of the company's stock, valued at approximately $892,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bahl & Gaynor Inc. lifted its stake in shares of Interparfums by 16.4% during the first quarter. Bahl & Gaynor Inc. now owns 374,647 shares of the company's stock worth $42,661,000 after buying an additional 52,802 shares during the period. AlphaQuest LLC acquired a new stake in Interparfums in the first quarter valued at approximately $189,000. T. Rowe Price Investment Management Inc. grew its holdings in Interparfums by 0.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,133,046 shares of the company's stock valued at $129,020,000 after purchasing an additional 8,318 shares during the period. Northern Trust Corp grew its holdings in Interparfums by 1.7% in the first quarter. Northern Trust Corp now owns 410,738 shares of the company's stock valued at $46,771,000 after purchasing an additional 6,824 shares during the period. Finally, Northwest & Ethical Investments L.P. grew its holdings in Interparfums by 55.5% in the first quarter. Northwest & Ethical Investments L.P. now owns 1,244 shares of the company's stock valued at $141,000 after purchasing an additional 444 shares during the period. 55.57% of the stock is owned by institutional investors and hedge funds.

Interparfums Price Performance

IPAR traded down $0.03 during trading on Friday, hitting $114.45. The company's stock had a trading volume of 35,011 shares, compared to its average volume of 235,300. 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 twelve month low of $97.65 and a twelve month high of $148.15. The business's fifty day simple moving average is $123.30 and its 200 day simple moving average is $123.57. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 22.94 and a beta of 1.44.

Interparfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $357.58 million. During the same period in the previous year, the business posted $1.14 earnings per share. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. On average, equities research analysts forecast that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Insider Activity

In other Interparfums news, VP Philippe Santi sold 1,000 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $139.23, for a total transaction of $139,230.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gilbert Harrison sold 400 shares of the business's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $133.96, for a total value of $53,584.00. Following the transaction, the director directly owned 1,550 shares in the company, valued at $207,638. This trade represents a 20.51% decrease in their position. The disclosure for this sale can be found here. 43.70% of the stock is currently owned by corporate 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.