Interparfums, Inc. (NASDAQ:IPAR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,653 shares of the company’s stock after selling 139 shares during the period. Yousif Capital Management LLC’s holdings in Interparfums were worth $758,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Principal Securities Inc. grew its position in Interparfums by 15.1% in the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock valued at $174,000 after buying an additional 174 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Interparfums by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 87,539 shares of the company’s stock worth $11,512,000 after buying an additional 2,548 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Interparfums by 1.1% in the 4th quarter. Truist Financial Corp now owns 17,583 shares of the company’s stock worth $2,312,000 after acquiring an additional 184 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Interparfums by 17.2% in the fourth quarter. Bank of New York Mellon Corp now owns 291,575 shares of the company’s stock valued at $38,345,000 after acquiring an additional 42,692 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Interparfums by 23.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the company’s stock valued at $215,000 after acquiring an additional 310 shares during the period. 55.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IPAR shares. BWS Financial reissued a “buy” rating and set a $172.00 target price on shares of Interparfums in a report on Wednesday, May 7th. Canaccord Genuity Group boosted their price objective on Interparfums from $158.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Piper Sandler restated an “overweight” rating and issued a $138.00 price objective (down previously from $169.00) on shares of Interparfums in a report on Thursday, April 24th. Finally, DA Davidson reaffirmed a “buy” rating and set a $170.00 target price on shares of Interparfums in a report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.60.

Interparfums Price Performance

NASDAQ IPAR opened at $132.80 on Friday. The stock has a market capitalization of $4.27 billion, a P/E ratio of 25.84 and a beta of 1.40. Interparfums, Inc. has a 1 year low of $97.65 and a 1 year high of $148.15. The business’s fifty day moving average is $123.22 and its two-hundred day moving average is $127.84. 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 (NASDAQ:IPAR) last issued its earnings results 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 company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 EPS. On average, research analysts forecast that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Interparfums

In other Interparfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of Interparfums stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total transaction of $183,225.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Philippe Santi sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total transaction of $139,230.00. The disclosure for this sale can be found here. Insiders own 43.90% of the company’s stock.

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.