Amalgamated Bank Has $581,000 Stock Position in Interparfums, Inc. (NASDAQ:IPAR)

Amalgamated Bank decreased its position in Interparfums, Inc. (NASDAQ:IPAR) by 3.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,105 shares of the company’s stock after selling 170 shares during the period. Amalgamated Bank’s holdings in Interparfums were worth $581,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. acquired a new position in shares of Interparfums in the 4th quarter worth approximately $46,649,000. Raymond James Financial Inc. acquired a new position in shares of Interparfums in the 4th quarter worth approximately $39,070,000. Norges Bank acquired a new position in shares of Interparfums in the 4th quarter worth approximately $32,095,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Interparfums by 10.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company’s stock worth $147,913,000 after buying an additional 108,321 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Interparfums by 23.3% in the 4th quarter. American Century Companies Inc. now owns 453,993 shares of the company’s stock worth $59,705,000 after buying an additional 85,871 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Insider Buying and Selling at Interparfums

In other Interparfums news, VP Philippe Santi sold 1,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $139.23, for a total value of $139,230.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gilbert Harrison sold 400 shares of the firm’s stock in a transaction on 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 transaction, the director owned 1,550 shares in the company, valued at $207,638. This represents a 20.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,900 shares of company stock worth $376,039. Insiders own 43.90% of the company’s stock.

Interparfums Stock Up 1.1%

NASDAQ IPAR opened at $136.49 on Friday. The firm has a market cap of $4.38 billion, a PE ratio of 26.55 and a beta of 1.36. Interparfums, Inc. has a one year low of $97.65 and a one year high of $148.15. The stock’s 50 day simple moving average is $131.70 and its 200 day simple moving average is $127.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 1.68.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings data on Monday, May 5th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.19. The firm had revenue of $339.00 million for the quarter, compared to analyst estimates of $329.21 million. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $1.27 EPS. As a group, sell-side analysts forecast that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BWS Financial reissued a “buy” rating and issued a $172.00 target price on shares of Interparfums in a report on Wednesday, May 7th. DA Davidson reissued a “buy” rating and issued a $170.00 target price on shares of Interparfums in a report on Tuesday, March 25th. Finally, Piper Sandler reissued an “overweight” rating and issued a $138.00 target price (down from $169.00) on shares of Interparfums in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.60.

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.