Interparfums, Inc. $IPAR Stake Lessened by Truist Financial Corp

Truist Financial Corp lowered its holdings in Interparfums, Inc. (NASDAQ:IPAR) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,255 shares of the company’s stock after selling 916 shares during the period. Truist Financial Corp owned approximately 0.05% of Interparfums worth $2,266,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IPAR. Eukles Asset Management purchased a new stake in shares of Interparfums in the first quarter valued at $30,000. CWM LLC lifted its holdings in shares of Interparfums by 29.4% in the first quarter. CWM LLC now owns 418 shares of the company’s stock valued at $48,000 after purchasing an additional 95 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Interparfums by 52.0% in the first quarter. Blue Trust Inc. now owns 506 shares of the company’s stock valued at $58,000 after purchasing an additional 173 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Interparfums in the first quarter valued at $104,000. Finally, CX Institutional purchased a new stake in shares of Interparfums in the first quarter valued at $117,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Interparfums Trading Down 1.6%

Interparfums stock opened at $92.46 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 company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 18.53 and a beta of 1.35. Interparfums, Inc. has a one year low of $91.19 and a one year high of $148.15. The company’s fifty day moving average price is $108.22 and its two-hundred day moving average price is $118.41.

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Interparfums in a report on Wednesday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Interparfums has a consensus rating of “Moderate Buy” and an average price target of $162.00.

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.