Interparfums, Inc. $IPAR Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its holdings in Interparfums, Inc. (NASDAQ:IPAR) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 536,096 shares of the company’s stock after selling 25,637 shares during the period. First Trust Advisors LP owned about 1.67% of Interparfums worth $70,395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. First Horizon Advisors Inc. boosted its holdings in Interparfums by 71.2% in the second quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock valued at $49,000 after purchasing an additional 156 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in Interparfums in the second quarter valued at $76,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Interparfums during the second quarter worth about $84,000. Blue Trust Inc. increased its position in shares of Interparfums by 34.6% during the second quarter. Blue Trust Inc. now owns 681 shares of the company’s stock worth $89,000 after purchasing an additional 175 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Interparfums in the 1st quarter valued at about $104,000. 55.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Interparfums in a research report on Wednesday, October 8th. Jefferies Financial Group dropped their price objective on shares of Interparfums from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, October 28th. BWS Financial downgraded shares of Interparfums from a “buy” rating to a “neutral” rating and set a $85.00 price objective for the company. in a research report on Friday, November 21st. Sanford C. Bernstein upgraded shares of Interparfums to a “strong-buy” rating in a research note on Tuesday, October 21st. Finally, Berenberg Bank started coverage on shares of Interparfums in a research report on Friday, November 21st. They issued a “buy” rating and a $103.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.00.

Interparfums Stock Up 0.8%

Shares of NASDAQ IPAR opened at $82.75 on Friday. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 16.19 and a beta of 1.25. Interparfums, Inc. has a 52 week low of $77.21 and a 52 week high of $148.15. The firm has a 50-day moving average price of $89.74 and a 200 day moving average price of $111.82. The company has a quick ratio of 1.99, a current ratio of 3.27 and a debt-to-equity ratio of 0.13.

Interparfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 5th. The company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.16. The company had revenue of $429.58 million during the quarter, compared to analysts’ expectations of $431.78 million. Interparfums had a net margin of 11.24% and a return on equity of 16.31%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $1.93 earnings per share. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. Equities research analysts anticipate 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.