Interparfums, Inc. $IPAR Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in Interparfums, Inc. (NASDAQ:IPAR) by 7.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,703 shares of the company’s stock after acquiring an additional 764 shares during the quarter. State of Alaska Department of Revenue’s holdings in Interparfums were worth $1,404,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Interparfums by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 89,580 shares of the company’s stock valued at $10,200,000 after acquiring an additional 2,041 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Interparfums in the 1st quarter valued at $1,714,000. Envestnet Asset Management Inc. grew its stake in Interparfums by 10.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 122,594 shares of the company’s stock valued at $13,960,000 after acquiring an additional 11,784 shares during the period. Entropy Technologies LP acquired a new stake in Interparfums in the 1st quarter valued at $470,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Interparfums by 251.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock valued at $79,645,000 after acquiring an additional 500,378 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Interparfums in a research note on Saturday, September 27th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Interparfums Stock Up 0.4%

Shares of IPAR opened at $94.50 on Friday. The firm has a market cap of $3.04 billion, a P/E ratio of 18.94 and a beta of 1.35. Interparfums, Inc. has a 12-month low of $92.46 and a 12-month high of $148.15. The company’s 50-day moving average price is $111.04 and its 200 day moving average price is $119.30. 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 issued its quarterly earnings data 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). The company had revenue of $333.94 million during 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. On average, sell-side analysts forecast that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Interparfums Company 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.