Focus Partners Wealth Trims Stake in Interparfums, Inc. $IPAR

Focus Partners Wealth lessened its stake in shares of Interparfums, Inc. (NASDAQ:IPAR) by 0.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,011 shares of the company’s stock after selling 143 shares during the quarter. Focus Partners Wealth owned about 0.21% of Interparfums worth $7,744,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in IPAR. Vanguard Group Inc. lifted its position in shares of Interparfums by 3.3% in the first quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company’s stock valued at $241,194,000 after acquiring an additional 67,533 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Interparfums by 0.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,133,046 shares of the company’s stock valued at $129,020,000 after purchasing an additional 8,318 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Interparfums by 26.9% in 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Interparfums by 251.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock worth $79,645,000 after purchasing an additional 500,378 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in shares of Interparfums by 31.1% during the first quarter. Westwood Holdings Group Inc. now owns 464,878 shares of the company’s stock worth $52,936,000 after buying an additional 110,163 shares in the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Interparfums Stock Performance

NASDAQ:IPAR opened at $106.71 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. The firm has a market cap of $3.43 billion, a PE ratio of 21.38 and a beta of 1.44. The firm has a 50 day simple moving average of $120.38 and a 200-day simple moving average of $122.39. Interparfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15.

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

Insiders Place Their Bets

In other Interparfums news, 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 value of $53,584.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 43.70% of the company’s stock.

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.