Ethic Inc. Invests $231,000 in Interparfums, Inc. $IPAR

Ethic Inc. bought a new position in Interparfums, Inc. (NASDAQ:IPAR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,754 shares of the company’s stock, valued at approximately $231,000.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in Interparfums by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 89,580 shares of the company’s stock valued at $10,200,000 after buying an additional 2,041 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Interparfums during the 1st quarter valued at approximately $1,714,000. Envestnet Asset Management Inc. increased its position in Interparfums by 10.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 122,594 shares of the company’s stock valued at $13,960,000 after buying an additional 11,784 shares in the last quarter. Entropy Technologies LP bought a new position in Interparfums during the 1st quarter valued at approximately $470,000. Finally, GW Henssler & Associates Ltd. bought a new position in Interparfums during the 2nd quarter valued at approximately $12,701,000. Institutional investors own 55.57% of the company’s stock.

Analyst Ratings Changes

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

Interparfums Stock Down 2.5%

Interparfums stock opened at $89.41 on Friday. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 17.92 and a beta of 1.35. The stock has a fifty day simple moving average of $102.63 and a two-hundred day simple moving average of $117.14. Interparfums, Inc. has a 12 month low of $89.31 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 released its quarterly 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 during the quarter, compared to analysts’ expectations of $357.58 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Equities analysts predict that Interparfums, Inc. will post 5.14 EPS for the current fiscal 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.