Carolina Wealth Advisors LLC Increases Stock Holdings in Interparfums, Inc. $IPAR

Carolina Wealth Advisors LLC increased its holdings in Interparfums, Inc. (NASDAQ:IPAR) by 7,956.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,326 shares of the company’s stock after buying an additional 45,751 shares during the period. Interparfums comprises about 2.0% of Carolina Wealth Advisors LLC’s holdings, making the stock its 20th largest position. Carolina Wealth Advisors LLC owned about 0.14% of Interparfums worth $4,558,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in IPAR. Osaic Holdings Inc. raised its position in Interparfums by 1.6% during the second quarter. Osaic Holdings Inc. now owns 6,583 shares of the company’s stock worth $865,000 after acquiring an additional 106 shares during the last quarter. Creative Planning raised its position in shares of Interparfums by 2.3% during the 2nd quarter. Creative Planning now owns 5,667 shares of the company’s stock worth $744,000 after purchasing an additional 125 shares during the last quarter. California State Teachers Retirement System lifted its stake in Interparfums by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 17,704 shares of the company’s stock valued at $2,325,000 after buying an additional 132 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Interparfums by 71.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock valued at $49,000 after buying an additional 156 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Interparfums by 34.6% during the 2nd quarter. Blue Trust Inc. now owns 681 shares of the company’s stock valued at $89,000 after buying an additional 175 shares during the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Jefferies Financial Group reduced their price objective on Interparfums from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, October 28th. BWS Financial lowered shares of Interparfums from a “buy” rating to a “neutral” rating and set a $85.00 target price on the stock. in a report on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interparfums in a research note on Wednesday, October 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $123.00 price objective on shares of Interparfums in a research report on Wednesday, November 19th. Finally, UBS Group set a $103.00 price objective on shares of Interparfums in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $121.00.

Interparfums Trading Up 0.4%

Shares of IPAR stock opened at $83.55 on Wednesday. The firm’s 50-day simple moving average is $87.96 and its 200-day simple moving average is $109.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.27 and a quick ratio of 1.99. Interparfums, Inc. has a 1-year low of $77.21 and a 1-year high of $148.15. The firm has a market cap of $2.68 billion, a P/E ratio of 16.35 and a beta of 1.25.

Interparfums (NASDAQ:IPAR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.89 by $0.16. The firm had revenue of $429.58 million during the quarter, compared to analyst estimates of $431.78 million. Interparfums had a net margin of 11.24% and a return on equity of 16.31%. Interparfums’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.93 earnings per share. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. As a group, equities analysts forecast that Interparfums, Inc. will post 5.14 EPS for the current year.

Interparfums 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.