Interparfums (NASDAQ:IPAR) Stock Price Down 6.2% - Here's What Happened

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) shares dropped 6.2% during trading on Wednesday . The company traded as low as $109.51 and last traded at $108.80. Approximately 105,723 shares were traded during mid-day 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 market cap of $3.41 billion, a price-to-earnings ratio of 21.28 and a beta of 1.44. The stock's 50 day moving average is $119.78 and its 200 day moving average is $122.04. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.99 EPS 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 company had revenue of $333.94 million during the quarter, compared to analyst estimates of $357.58 million. During the same quarter last year, the company posted $1.14 EPS. The firm'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. Analysts anticipate that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Insider Buying and Selling

In related 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 43.70% of the company's stock.

Institutional Trading of Interparfums

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted 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 valued at $241,194,000 after purchasing an additional 67,533 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Interparfums by 0.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,133,046 shares of the company's stock valued at $129,020,000 after purchasing an additional 8,318 shares during the period. 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 during the period. Victory Capital Management Inc. boosted 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 valued at $81,418,000 after purchasing an additional 151,358 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Interparfums by 2.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 714,891 shares of the company's stock valued at $93,872,000 after purchasing an additional 15,453 shares during the period. Institutional investors 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.