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

Other hedge funds have also recently added to or reduced their stakes in the company. Eukles Asset Management bought a new stake in Interparfums during the first quarter worth about $30,000. CWM LLC lifted its stake in Interparfums by 29.4% during the first quarter. CWM LLC now owns 418 shares of the company's stock worth $48,000 after purchasing an additional 95 shares during the last quarter. Blue Trust Inc. lifted its stake in Interparfums by 52.0% during the first quarter. Blue Trust Inc. now owns 506 shares of the company's stock worth $58,000 after purchasing an additional 173 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Interparfums during the first quarter worth about $104,000. Finally, CX Institutional bought a new stake in Interparfums during the first quarter worth about $117,000. Institutional investors own 55.57% of the company's stock.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a "buy" rating and set a $172.00 price target on shares of Interparfums in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $162.00.

Interparfums Trading Down 1.4%

NASDAQ IPAR opened at $114.94 on Friday. Interparfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15. 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 50-day moving average of $124.85 and a 200-day moving average of $124.07. The firm has a market cap of $3.69 billion, a PE ratio of 23.03 and a beta of 1.43.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share 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 company had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. During the same period last year, the firm posted $1.14 EPS. The company'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, sell-side analysts forecast that Interparfums, Inc. will post 5.14 EPS for the current year.

Insider Transactions at Interparfums

In other news, Director Gilbert Harrison sold 400 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $133.96, for a total value of $53,584.00. Following the completion of the sale, the director owned 1,550 shares of the company's stock, valued at approximately $207,638. The trade was a 20.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Philippe Santi sold 1,000 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total value of $139,230.00. The disclosure for this sale can be found here. Insiders own 43.70% of the company's stock.

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.

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