Avantax Advisory Services Inc. Raises Stock Holdings in Interparfums, Inc. (NASDAQ:IPAR)

Avantax Advisory Services Inc. lifted its holdings in Interparfums, Inc. (NASDAQ:IPAR) by 4.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,309 shares of the company’s stock after purchasing an additional 191 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Interparfums were worth $491,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. raised its stake in shares of Interparfums by 10.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company’s stock valued at $147,913,000 after acquiring an additional 108,321 shares during the period. Victory Capital Management Inc. grew its holdings in Interparfums by 26.9% during 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 last quarter. Invesco Ltd. raised its position in Interparfums by 4.1% in the 4th quarter. Invesco Ltd. now owns 362,518 shares of the company’s stock worth $47,675,000 after purchasing an additional 14,254 shares during the period. Westwood Holdings Group Inc. purchased a new stake in Interparfums in the 4th quarter worth about $46,649,000. Finally, Raymond James Financial Inc. bought a new stake in Interparfums in the fourth quarter worth about $39,070,000. 55.57% of the stock is owned by hedge funds and other institutional investors.

Interparfums Stock Down 1.2%

NASDAQ:IPAR opened at $118.50 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 1.68. The company’s fifty day moving average price is $132.49 and its 200-day moving average price is $127.16. Interparfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15. The firm has a market capitalization of $3.81 billion, a P/E ratio of 23.05 and a beta of 1.43.

Interparfums (NASDAQ:IPAR) last posted its earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.21). Interparfums had a net margin of 11.30% and a return on equity of 17.62%. During the same quarter in the previous year, the business earned $1.14 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Interparfums, Inc. will post 5.14 EPS for the current year.

Insiders Place Their Bets

In other Interparfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total transaction of $183,225.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gilbert Harrison sold 400 shares of the firm’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $133.96, for a total transaction of $53,584.00. Following the sale, the director owned 1,550 shares of the company’s stock, valued at approximately $207,638. The trade was a 20.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,900 shares of company stock worth $376,039. Corporate insiders own 43.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on IPAR shares. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Interparfums in a research note on Wednesday, May 7th. Piper Sandler restated an “overweight” rating and issued a $138.00 price target (down from $169.00) on shares of Interparfums in a report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Interparfums 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.