Interparfums, Inc. (NASDAQ:IPAR - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $97.48 and last traded at $96.81, with a volume of 53468 shares changing hands. The stock had previously closed at $98.38.
Interparfums Stock Down 4.0%
The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 18.88 and a beta of 1.44. The firm has a 50 day moving average price of $112.89 and a 200-day moving average price of $119.90.
Interparfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.11). The company had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 EPS. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, equities analysts predict that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.
Institutional Investors Weigh In On Interparfums
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IPAR. Charles Schwab Investment Management Inc. increased its holdings in Interparfums by 251.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company's stock valued at $79,645,000 after purchasing an additional 500,378 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Interparfums by 66.8% in the second quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company's stock worth $101,843,000 after acquiring an additional 310,712 shares in the last quarter. London Co. of Virginia bought a new stake in shares of Interparfums in the second quarter worth about $27,647,000. Squarepoint Ops LLC increased its holdings in shares of Interparfums by 249.3% in the second quarter. Squarepoint Ops LLC now owns 225,907 shares of the company's stock worth $29,664,000 after acquiring an additional 161,239 shares in the last quarter. Finally, Man Group plc increased its holdings in shares of Interparfums by 572.8% in the second quarter. Man Group plc now owns 187,058 shares of the company's stock worth $24,563,000 after acquiring an additional 159,254 shares in the last quarter. Institutional investors own 55.57% of the company's stock.
About Interparfums
(
Get Free Report)
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.
Further Reading
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