Interparfums (NASDAQ:IPAR) Stock Price Down 6.2% - Time to Sell?

Key Points

• Interparfums' stock (NASDAQ:IPAR) fell by 6.2%, trading at $108.80, significantly lower than its previous close of $115.96.
• The company reported earnings of $0.99 per share for the last quarter, missing analyst estimates of $1.10 by $0.11, with revenues down 2.3% year-over-year.
• Insider activity included the sale of 400 shares by Director Gilbert Harrison, reducing his stake in the company by 20.51% to approximately 1,550 shares.

Interparfums, Inc. (NASDAQ:IPAR - Get Free Report) was down 6.2% on Wednesday . The stock traded as low as $109.51 and last traded at $108.80. Approximately 105,723 shares were traded during trading, a decline of 55% from the average daily volume of 235,628 shares. The stock had previously closed at $115.96.

Interparfums Stock Performance

The firm has a 50 day moving average of $122.20 and a two-hundred day moving average of $123.07. 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 stock has a market cap of $3.47 billion, a PE ratio of 21.63 and a beta of 1.44.

Interparfums (NASDAQ:IPAR - Get Free Report) last released 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 return on equity of 16.45% and a net margin of 11.03%.The company had revenue of $333.94 million for the quarter, compared to analyst estimates of $357.58 million. During the same period in the previous year, the business posted $1.14 EPS. The firm'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. Research analysts predict that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Insider Activity at Interparfums

In other news, Director Gilbert Harrison sold 400 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $133.96, for a total value of $53,584.00. Following the completion of the sale, the director directly owned 1,550 shares of the company's stock, valued at approximately $207,638. The trade was a 20.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 43.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IPAR. Osaic Holdings Inc. lifted its holdings in shares of Interparfums by 1.6% during the second quarter. Osaic Holdings Inc. now owns 6,583 shares of the company's stock worth $865,000 after purchasing an additional 106 shares during the period. State of Wyoming purchased a new position in Interparfums during the second quarter worth about $127,000. Pitcairn Co. acquired a new stake in Interparfums in the second quarter valued at about $326,000. Westwood Holdings Group Inc. boosted its holdings in Interparfums by 66.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company's stock valued at $101,843,000 after purchasing an additional 310,712 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in Interparfums by 7.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 61,341 shares of the company's stock worth $8,055,000 after purchasing an additional 4,498 shares during the period. Institutional investors and hedge funds own 55.57% of the company's stock.

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.

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