XTX Topco Ltd Boosts Stock Position in Interparfums, Inc. (NASDAQ:IPAR)

Key Points

• XTX Topco Ltd significantly increased its ownership in Interparfums, boosting its stake by 338.3% after purchasing 9,576 shares, bringing its total holdings to 12,407 shares valued at approximately $1.41 million.
• Interparfums reported $1.32 earnings per share for the latest quarter, surpassing expectations and demonstrating a 4.6% increase in revenue compared to the previous year.
• Analysts maintain a Moderate Buy rating for Interparfums, with an average price target of $162.00, following recent adjustments in price targets from various financial institutions.

XTX Topco Ltd grew its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 338.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,407 shares of the company's stock after acquiring an additional 9,576 shares during the period. XTX Topco Ltd's holdings in Interparfums were worth $1,413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westwood Holdings Group Inc. acquired a new position in shares of Interparfums during the 4th quarter valued at $46,649,000. Raymond James Financial Inc. acquired a new position in Interparfums during the fourth quarter worth $39,070,000. Norges Bank acquired a new stake in shares of Interparfums in the 4th quarter worth about $32,095,000. Victory Capital Management Inc. boosted its stake in Interparfums by 26.9% during the 1st quarter. Victory Capital Management Inc. now owns 715,004 shares of the company's stock valued at $81,418,000 after purchasing an additional 151,358 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Interparfums by 10.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company's stock valued at $147,913,000 after purchasing an additional 108,321 shares in the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IPAR has been the topic of several analyst reports. BWS Financial restated a "buy" rating and set a $172.00 price target on shares of Interparfums in a report on Wednesday, May 7th. Piper Sandler reaffirmed an "overweight" rating and set a $138.00 price target (down from $169.00) on shares of Interparfums in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $162.00.

Insider Transactions at Interparfums

In other Interparfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total value of $183,225.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gilbert Harrison sold 400 shares of the company's stock in a transaction on Monday, June 23rd. The stock was 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 trade represents a 20.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,900 shares of company stock valued at $376,039. 43.90% of the stock is currently owned by company insiders.

Interparfums Stock Performance

Interparfums stock traded down $0.35 during mid-day trading on Tuesday, reaching $119.61. The company's stock had a trading volume of 166,561 shares, compared to its average volume of 235,340. The firm's fifty day moving average price is $132.79 and its two-hundred day moving average price is $127.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.68 and a current ratio of 2.97. Interparfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15. The company has a market capitalization of $3.84 billion, a P/E ratio of 23.24 and a beta of 1.44.

Interparfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.19. The business had revenue of $339.00 million for the quarter, compared to analysts' expectations of $329.21 million. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 EPS. Sell-side analysts predict that Interparfums, Inc. will post 5.14 EPS for the current fiscal 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.