Vanguard Group Inc. Buys 67,533 Shares of Interparfums, Inc. $IPAR

Vanguard Group Inc. boosted its stake in Interparfums, Inc. (NASDAQ:IPAR) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,118,154 shares of the company’s stock after acquiring an additional 67,533 shares during the period. Vanguard Group Inc. owned 6.59% of Interparfums worth $241,194,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in IPAR. Principal Financial Group Inc. raised its position in shares of Interparfums by 2.3% in the first quarter. Principal Financial Group Inc. now owns 89,580 shares of the company’s stock valued at $10,200,000 after purchasing an additional 2,041 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Interparfums in the first quarter valued at approximately $1,714,000. Envestnet Asset Management Inc. raised its position in shares of Interparfums by 10.6% in the first quarter. Envestnet Asset Management Inc. now owns 122,594 shares of the company’s stock valued at $13,960,000 after purchasing an additional 11,784 shares during the period. Fifth Third Bancorp raised its position in shares of Interparfums by 6.4% in the first quarter. Fifth Third Bancorp now owns 3,783 shares of the company’s stock valued at $431,000 after purchasing an additional 226 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of Interparfums by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 5,487 shares of the company’s stock valued at $722,000 after purchasing an additional 1,690 shares during the period. Institutional investors own 55.57% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gilbert Harrison sold 400 shares of the company’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $133.96, for a total value of $53,584.00. Following the completion of the sale, the director owned 1,550 shares of the company’s stock, valued at approximately $207,638. This represents a 20.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Philippe Santi sold 1,000 shares of the company’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. 43.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on IPAR shares. Piper Sandler reissued an “overweight” rating and issued a $138.00 price target (down previously from $169.00) on shares of Interparfums in a research report on Thursday, April 24th. BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Interparfums in a research report on Wednesday, May 7th.

Interparfums Price Performance

IPAR stock opened at $113.02 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. Interparfums, Inc. has a one year low of $97.65 and a one year high of $148.15. The stock has a market cap of $3.63 billion, a PE ratio of 22.65 and a beta of 1.43. The firm has a 50 day simple moving average of $128.82 and a two-hundred day simple moving average of $125.43.

Interparfums (NASDAQ:IPAR) last released 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 return on equity of 16.45% and a net margin of 11.03%. The company had revenue of $333.94 million during the quarter, compared to analysts’ expectations of $357.58 million. During the same period in the prior year, the firm earned $1.14 EPS. Interparfums’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts predict that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

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.