Park Avenue Securities LLC Purchases 618 Shares of Interparfums, Inc. $IPAR

Park Avenue Securities LLC lifted its position in shares of Interparfums, Inc. (NASDAQ:IPAR) by 17.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,067 shares of the company’s stock after purchasing an additional 618 shares during the quarter. Park Avenue Securities LLC’s holdings in Interparfums were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in IPAR. Eukles Asset Management bought a new stake in shares of Interparfums during the first quarter valued at approximately $30,000. CWM LLC raised its stake in Interparfums by 29.4% during the first quarter. CWM LLC now owns 418 shares of the company’s stock valued at $48,000 after buying an additional 95 shares during the last quarter. Blue Trust Inc. raised its stake in Interparfums by 52.0% during the first quarter. Blue Trust Inc. now owns 506 shares of the company’s stock valued at $58,000 after buying an additional 173 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in Interparfums during the first quarter valued at $104,000. Finally, CX Institutional purchased a new position in Interparfums during the first quarter valued at $117,000. 55.57% of the stock is currently owned by institutional investors.

Interparfums Stock Up 1.4%

Shares of NASDAQ:IPAR opened at $101.23 on Monday. The stock has a fifty day simple moving average of $114.15 and a two-hundred day simple moving average of $120.23. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 20.29 and a beta of 1.44. Interparfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings data 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 company had revenue of $333.94 million for the quarter, compared to analysts’ expectations of $357.58 million. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 EPS. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. On average, research analysts anticipate that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

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.