Interparfums, Inc. $IPAR Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its holdings in Interparfums, Inc. by 18.0%, owning 208,072 shares after selling 45,574 shares in the first quarter.
• Interparfums reported a net margin of 11.03% with revenue of $333.94 million for the last quarter, missing the consensus estimate.
• BWS Financial reiterated a "buy" rating for Interparfums, setting a target price of $172.00 on shares, and the average target price across analysts is $162.00.

Wellington Management Group LLP lowered its position in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 18.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,072 shares of the company's stock after selling 45,574 shares during the quarter. Wellington Management Group LLP owned 0.65% of Interparfums worth $23,693,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IPAR. Charles Schwab Investment Management Inc. lifted its holdings in Interparfums by 251.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock worth $79,645,000 after buying an additional 500,378 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in Interparfums in the 4th quarter worth $46,649,000. Victory Capital Management Inc. lifted its holdings in Interparfums by 26.9% in the 1st quarter. Victory Capital Management Inc. now owns 715,004 shares of the company's stock worth $81,418,000 after buying an additional 151,358 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Interparfums by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company's stock worth $241,194,000 after buying an additional 67,533 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Interparfums in the 1st quarter worth $5,515,000. Institutional investors and hedge funds own 55.57% of the company's stock.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a "buy" rating and issued a $172.00 price objective on shares of Interparfums in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $162.00.

Insider Activity

In other Interparfums news, Director Gilbert Harrison sold 400 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $133.96, for a total value of $53,584.00. Following the completion of the transaction, the director owned 1,550 shares in the company, valued at approximately $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 this link. 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 transaction of $139,230.00. The disclosure for this sale can be found here. 43.70% of the stock is currently owned by corporate insiders.

Interparfums Stock Down 1.4%

Shares of IPAR traded down $1.59 during midday trading on Friday, hitting $114.94. The company had a trading volume of 128,241 shares, compared to its average volume of 245,369. The company's 50 day moving average price is $124.85 and its 200 day moving average price is $123.96. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 23.03 and a beta of 1.44. Interparfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $333.94 million for the quarter, compared to the consensus estimate of $357.58 million. During the same period in the prior year, the company earned $1.14 EPS. Interparfums's quarterly revenue 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 predict that Interparfums, Inc. will post 5.14 EPS for the current year.

About Interparfums

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.