AlphaQuest LLC Has $397,000 Stake in Interparfums, Inc. $IPAR

AlphaQuest LLC raised its position in shares of Interparfums, Inc. (NASDAQ:IPAR) by 82.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,027 shares of the company’s stock after buying an additional 1,366 shares during the period. AlphaQuest LLC’s holdings in Interparfums were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IPAR. Charles Schwab Investment Management Inc. increased its holdings in shares of Interparfums by 251.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock worth $79,645,000 after buying an additional 500,378 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Interparfums by 26.9% in the first 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. Westwood Holdings Group Inc. increased its holdings in shares of Interparfums by 31.1% in the first quarter. Westwood Holdings Group Inc. now owns 464,878 shares of the company’s stock valued at $52,936,000 after purchasing an additional 110,163 shares in the last quarter. GW Henssler & Associates Ltd. acquired a new stake in shares of Interparfums in the second quarter valued at approximately $12,701,000. Finally, MetLife Investment Management LLC increased its holdings in shares of Interparfums by 867.2% in the first quarter. MetLife Investment Management LLC now owns 107,044 shares of the company’s stock valued at $12,189,000 after purchasing an additional 95,977 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Wall Street Analysts Forecast Growth

IPAR has been the subject of a number of research reports. Jefferies Financial Group lowered their price target on shares of Interparfums from $150.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Interparfums in a report on Wednesday, October 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $168.00 price target on shares of Interparfums in a report on Tuesday, October 21st. Sanford C. Bernstein raised shares of Interparfums to a “strong-buy” rating in a report on Tuesday, October 21st. Finally, BWS Financial reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Interparfums in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $154.60.

Interparfums Price Performance

Shares of IPAR stock opened at $91.70 on Thursday. Interparfums, Inc. has a 52-week low of $91.06 and a 52-week high of $148.15. The stock has a market cap of $2.95 billion, a PE ratio of 18.38 and a beta of 1.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.69 and a current ratio of 2.96. The firm’s 50 day moving average price is $103.08 and its two-hundred day moving average price is $117.33.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share 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 the consensus estimate of $357.58 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, analysts forecast that Interparfums, Inc. will post 5.14 EPS 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.