Envestnet Asset Management Inc. Raises Position in Interparfums, Inc. (NASDAQ:IPAR)

Envestnet Asset Management Inc. boosted its stake in Interparfums, Inc. (NASDAQ:IPAR) by 10.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,594 shares of the company’s stock after buying an additional 11,784 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.38% of Interparfums worth $13,960,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IPAR. Eukles Asset Management purchased a new position in Interparfums in the 1st quarter valued at about $30,000. Blue Trust Inc. lifted its stake in Interparfums by 52.0% in the 1st quarter. Blue Trust Inc. now owns 506 shares of the company’s stock worth $58,000 after purchasing an additional 173 shares in the last quarter. Coppell Advisory Solutions LLC lifted its stake in Interparfums by 210.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock worth $67,000 after purchasing an additional 347 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Interparfums by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock worth $105,000 after purchasing an additional 400 shares in the last quarter. Finally, CX Institutional purchased a new position in Interparfums in the 1st quarter worth approximately $117,000. 55.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Interparfums

In related news, VP Philippe Santi sold 1,000 shares of Interparfums stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total value of $139,230.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gilbert Harrison sold 400 shares of Interparfums stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $133.96, for a total transaction of $53,584.00. Following the completion of the sale, the director owned 1,550 shares of the company’s stock, valued at $207,638. This trade represents a 20.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,900 shares of company stock worth $376,039. Insiders own 43.90% of the company’s stock.

Interparfums Stock Down 0.7%

Shares of NASDAQ IPAR opened at $129.50 on Friday. The company has a 50 day simple moving average of $133.53 and a 200-day simple moving average of $127.85. The company has a market capitalization of $4.16 billion, a P/E ratio of 25.19 and a beta of 1.36. 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, Inc. has a 1 year low of $97.65 and a 1 year high of $148.15.

Interparfums (NASDAQ:IPAR) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $329.21 million. Interparfums had a net margin of 11.30% and a return on equity of 17.62%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 EPS. On average, equities research analysts predict that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on IPAR shares. Piper Sandler reissued an “overweight” rating and issued a $138.00 target price (down from $169.00) on shares of Interparfums in a research note on Thursday, April 24th. DA Davidson reissued a “buy” rating and issued a $170.00 target price on shares of Interparfums in a research note on Tuesday, March 25th. Finally, BWS Financial reissued a “buy” rating and issued a $172.00 target price on shares of Interparfums in a research note on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Interparfums has an average rating of “Moderate Buy” and a consensus target price of $162.00.

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.