WCM Investment Management LLC Sells 10,611 Shares of Interparfums, Inc. (NASDAQ:IPAR)

WCM Investment Management LLC lowered its position in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,615 shares of the company's stock after selling 10,611 shares during the period. WCM Investment Management LLC owned approximately 0.54% of Interparfums worth $20,475,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Interparfums by 52.0% during the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock valued at $58,000 after purchasing an additional 173 shares during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in shares of Interparfums by 210.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock valued at $67,000 after purchasing an additional 347 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Interparfums by 100.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock valued at $105,000 after buying an additional 400 shares during the last quarter. CX Institutional bought a new stake in Interparfums in the 1st quarter worth about $117,000. Finally, Lazard Asset Management LLC raised its position in Interparfums by 23.8% in the 4th quarter. Lazard Asset Management LLC now owns 1,263 shares of the company's stock worth $166,000 after buying an additional 243 shares during the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Interparfums news, Director Gilbert Harrison sold 400 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $133.96, for a total transaction of $53,584.00. Following the completion of the transaction, the director owned 1,550 shares of the company's stock, valued at $207,638. This represents a 20.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Philippe Santi sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was 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. Over the last quarter, insiders sold 2,900 shares of company stock worth $376,039. 43.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on IPAR shares. BWS Financial reaffirmed a "buy" rating and set a $172.00 price target on shares of Interparfums in a report on Wednesday, May 7th. DA Davidson reissued a "buy" rating and issued a $170.00 price objective on shares of Interparfums in a report on Tuesday, March 25th. Finally, Piper Sandler reiterated an "overweight" rating and set a $138.00 price target (down previously from $169.00) on shares of Interparfums in a research note on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $157.60.

Interparfums Price Performance

Shares of IPAR traded up $1.41 during trading hours on Thursday, reaching $138.82. 68,730 shares of the stock traded hands, compared to its average volume of 190,314. The company has a market cap of $4.46 billion, a P/E ratio of 27.10 and a beta of 1.36. The company has a current ratio of 2.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.11. The company's 50-day moving average price is $128.34 and its two-hundred day moving average price is $127.59. Interparfums, Inc. has a 52-week low of $97.65 and a 52-week high of $148.15.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.13 by $0.19. The business had revenue of $339.00 million for the quarter, compared to the consensus estimate of $329.21 million. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. The business's revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.27 earnings per share. On average, analysts anticipate that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Interparfums Company 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.