Vanguard Group Inc. Sells 33,067 Shares of Interparfums, Inc. $IPAR

Vanguard Group Inc. cut its stake in shares of Interparfums, Inc. (NASDAQ:IPAR) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,100,952 shares of the company’s stock after selling 33,067 shares during the quarter. Vanguard Group Inc. owned about 0.07% of Interparfums worth $206,692,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new stake in Interparfums during the 3rd quarter valued at about $34,000. First Horizon Advisors Inc. lifted its stake in shares of Interparfums by 71.2% in the second quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock worth $49,000 after buying an additional 156 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Interparfums during the second quarter valued at approximately $84,000. State of Wyoming bought a new stake in shares of Interparfums during the second quarter valued at approximately $127,000. Finally, Laurel Wealth Advisors LLC raised its holdings in Interparfums by 13,040.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,314 shares of the company’s stock worth $173,000 after acquiring an additional 1,304 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Interparfums in a research note on Monday, December 29th. Berenberg Bank assumed coverage on Interparfums in a report on Friday, November 21st. They set a “buy” rating and a $103.00 price target on the stock. Jefferies Financial Group started coverage on Interparfums in a report on Wednesday, January 14th. They issued a “buy” rating and a $112.00 price objective for the company. Canaccord Genuity Group restated a “buy” rating and set a $123.00 target price on shares of Interparfums in a research note on Wednesday, November 19th. Finally, UBS Group set a $103.00 price target 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 assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Interparfums has a consensus rating of “Moderate Buy” and a consensus price target of $119.14.

Interparfums Trading Down 3.3%

Shares of IPAR stock opened at $100.78 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.99 and a quick ratio of 1.97. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 19.23 and a beta of 1.21. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $146.00. The firm has a fifty day moving average price of $94.21 and a 200-day moving average price of $95.42.

Interparfums (NASDAQ:IPAR) last released its earnings results on Tuesday, February 24th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.10. The company had revenue of $386.18 million for the quarter, compared to the consensus estimate of $366.76 million. Interparfums had a return on equity of 15.76% and a net margin of 11.31%.Interparfums’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. As a group, equities analysts predict that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Interparfums Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.20 annualized dividend and a yield of 3.2%. Interparfums’s payout ratio is currently 61.07%.

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.