Interparfums, Inc. $IPAR Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in Interparfums, Inc. (NASDAQ:IPAR) by 40.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,237 shares of the company’s stock after selling 6,321 shares during the quarter. Truist Financial Corp’s holdings in Interparfums were worth $784,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Interparfums by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock valued at $183,554,000 after buying an additional 62,832 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Interparfums by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 702,884 shares of the company’s stock valued at $69,155,000 after buying an additional 5,703 shares during the period. State Street Corp lifted its holdings in shares of Interparfums by 0.3% in the second quarter. State Street Corp now owns 678,162 shares of the company’s stock valued at $89,049,000 after buying an additional 2,311 shares during the period. First Trust Advisors LP lifted its holdings in shares of Interparfums by 17.2% in the third quarter. First Trust Advisors LP now owns 628,349 shares of the company’s stock valued at $61,817,000 after buying an additional 92,253 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of Interparfums by 15.3% in the third quarter. Royce & Associates LP now owns 480,994 shares of the company’s stock valued at $47,320,000 after buying an additional 63,985 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Wall Street Analysts Forecast Growth

IPAR has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Interparfums in a research report on Friday, March 27th. BWS Financial reaffirmed a “neutral” rating and set a $85.00 target price on shares of Interparfums in a research report on Wednesday, April 22nd. Zacks Research raised Interparfums from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen lowered Interparfums from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Interparfums presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.20.

Insiders Place Their Bets

In related news, CEO Jean Madar sold 20,000 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $91.02, for a total transaction of $1,820,400.00. Following the transaction, the chief executive officer directly owned 7,066,341 shares of the company’s stock, valued at approximately $643,178,357.82. The trade was a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 43.70% of the company’s stock.

Interparfums Price Performance

Shares of Interparfums stock opened at $86.16 on Monday. The stock’s fifty day moving average is $91.95 and its 200-day moving average is $90.87. The firm has a market capitalization of $2.76 billion, a PE ratio of 16.35 and a beta of 1.16. The company has a quick ratio of 2.05, a current ratio of 3.26 and a debt-to-equity ratio of 0.10. Interparfums, Inc. has a 12-month low of $77.21 and a 12-month high of $142.61.

Interparfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, May 5th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.21. The company had revenue of $344.89 million for the quarter, compared to analyst estimates of $345.00 million. Interparfums had a return on equity of 15.47% and a net margin of 11.32%.Interparfums’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.32 earnings per share. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Equities analysts anticipate that Interparfums, Inc. will post 4.82 earnings per share for the current year.

Interparfums Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Interparfums’s payout ratio is presently 60.72%.

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.