Deutsche Bank AG Sells 1,683 Shares of Interparfums, Inc. $IPAR

Deutsche Bank AG decreased its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR) by 8.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,654 shares of the company’s stock after selling 1,683 shares during the quarter. Deutsche Bank AG owned about 0.05% of Interparfums worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Interparfums by 2.3% during the 1st 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Interparfums during the 1st quarter valued at $1,714,000. Envestnet Asset Management Inc. grew its position in shares of Interparfums by 10.6% during the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in Interparfums by 251.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock worth $79,645,000 after acquiring an additional 500,378 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Interparfums by 6.4% in the first quarter. Fifth Third Bancorp now owns 3,783 shares of the company’s stock worth $431,000 after acquiring an additional 226 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IPAR shares. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Interparfums in a research report on Wednesday, May 7th. Piper Sandler reiterated an “overweight” rating and issued a $138.00 target price (down from $169.00) on shares of Interparfums in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $162.00.

Interparfums Stock Performance

NASDAQ IPAR opened at $111.67 on Friday. The company has a 50-day simple moving average of $127.13 and a two-hundred day simple moving average of $125.07. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14. Interparfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 22.38 and a beta of 1.43.

Interparfums (NASDAQ:IPAR) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.11). Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The business had revenue of $333.94 million for the quarter, compared to analysts’ expectations of $357.58 million. During the same quarter in the previous year, the company earned $1.14 earnings per share. The business’s quarterly revenue was down 2.3% on a year-over-year basis. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. On average, equities analysts forecast that Interparfums, Inc. will post 5.14 EPS for the current year.

Insider Activity

In other news, VP Philippe Santi sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total transaction of $139,230.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gilbert Harrison sold 400 shares of the company’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $133.96, for a total transaction of $53,584.00. Following the transaction, the director directly owned 1,550 shares of the company’s stock, valued at approximately $207,638. This trade represents a 20.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 43.70% of the company’s stock.

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.