Vest Financial LLC Has $3.96 Million Position in Interparfums, Inc. $IPAR

Vest Financial LLC grew its position in Interparfums, Inc. (NASDAQ:IPAR) by 27.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,276 shares of the company’s stock after purchasing an additional 8,770 shares during the quarter. Vest Financial LLC owned approximately 0.13% of Interparfums worth $3,962,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Amalgamated Bank boosted its holdings in Interparfums by 3.4% during the third quarter. Amalgamated Bank now owns 5,303 shares of the company’s stock valued at $522,000 after acquiring an additional 176 shares during the period. Summit Creek Advisors LLC lifted its position in shares of Interparfums by 84.6% during the 3rd quarter. Summit Creek Advisors LLC now owns 98,413 shares of the company’s stock worth $9,682,000 after purchasing an additional 45,096 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of Interparfums by 2.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 19,080 shares of the company’s stock worth $1,878,000 after purchasing an additional 443 shares during the last quarter. Tributary Capital Management LLC boosted its stake in Interparfums by 139.6% during the 3rd quarter. Tributary Capital Management LLC now owns 228,520 shares of the company’s stock valued at $22,482,000 after purchasing an additional 133,131 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in Interparfums by 5.5% in the 3rd quarter. Park Avenue Securities LLC now owns 4,290 shares of the company’s stock valued at $422,000 after buying an additional 223 shares during the last quarter. 55.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group set a $103.00 price target on Interparfums in a report on Friday, November 21st. Sanford C. Bernstein raised shares of Interparfums to a “strong-buy” rating in a research report on Tuesday, October 21st. Berenberg Bank assumed coverage on shares of Interparfums in a report on Friday, November 21st. They issued a “buy” rating and a $103.00 price target for the company. Jefferies Financial Group started coverage on shares of Interparfums in a research report on Wednesday, January 14th. They issued a “buy” rating and a $112.00 price target on the stock. Finally, Zacks Research lowered shares of Interparfums from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.14.

Interparfums Stock Up 5.8%

Shares of IPAR opened at $97.89 on Friday. The company has a quick ratio of 1.99, a current ratio of 3.27 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $84.96 and a two-hundred day moving average price of $100.48. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 19.16 and a beta of 1.23. Interparfums, Inc. has a 12 month low of $77.21 and a 12 month high of $148.15.

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

Interparfums Company Profile

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company’s core activities include fragrance creation, brand management and international logistics.