Wellington Management Group LLP Trims Holdings in Interparfums, Inc. $IPAR

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 reduced its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Northern Trust Corp boosted its stake in shares of Interparfums by 1.7% during the 1st quarter. Northern Trust Corp now owns 410,738 shares of the company's stock valued at $46,771,000 after buying an additional 6,824 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its stake in shares of Interparfums by 55.5% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 1,244 shares of the company's stock valued at $141,000 after buying an additional 444 shares during the last quarter. Liontrust Investment Partners LLP purchased a new position in shares of Interparfums during the 1st quarter valued at approximately $760,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Interparfums by 428.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,575 shares of the company's stock valued at $179,000 after buying an additional 1,277 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of Interparfums by 27.1% during the 1st quarter. Public Sector Pension Investment Board now owns 56,843 shares of the company's stock valued at $6,473,000 after buying an additional 12,119 shares during the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Interparfums

In other Interparfums news, Director Gilbert Harrison sold 400 shares of the 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 sale, the director directly owned 1,550 shares of the company's stock, valued at $207,638. This trade represents a 20.51% decrease in their ownership of the stock. The sale was disclosed in a filing 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 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. Company insiders own 43.70% of the company's stock.

Interparfums Stock Performance

Shares of IPAR opened at $115.00 on Tuesday. The business's fifty day moving average price is $126.28 and its 200 day moving average price is $124.58. Interparfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15. The stock has a market capitalization of $3.69 billion, a PE ratio of 23.05 and a beta of 1.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.11). Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The firm had revenue of $333.94 million for the quarter, compared to the consensus estimate of $357.58 million. During the same quarter last year, the business earned $1.14 earnings per share. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Equities research analysts forecast that Interparfums, Inc. will post 5.14 EPS for the current year.

Wall Street Analyst Weigh In

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

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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