Great Lakes Advisors LLC Takes $3.42 Million Position in Interparfums, Inc. $IPAR

Great Lakes Advisors LLC bought a new position in Interparfums, Inc. (NASDAQ:IPAR) during the second quarter, HoldingsChannel reports. The fund bought 30,532 shares of the company’s stock, valued at approximately $3,415,000.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Interparfums in the second quarter worth about $326,252,000. Deprince Race & Zollo Inc. purchased a new position in Interparfums during the first quarter valued at approximately $30,283,000. Bank of New York Mellon Corp bought a new position in shares of Interparfums in the second quarter worth approximately $35,603,000. Norges Bank bought a new position in shares of Interparfums in the fourth quarter worth approximately $19,313,000. Finally, Royce & Associates LP lifted its stake in shares of Interparfums by 42.0% during the 4th quarter. Royce & Associates LP now owns 683,201 shares of the company’s stock valued at $57,956,000 after buying an additional 202,207 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered Interparfums from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Weiss Ratings upgraded Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. TD Cowen lowered shares of Interparfums from a “buy” rating to a “hold” rating and increased their price objective for the company from $110.00 to $120.00 in a report on Monday, August 10th. Berenberg Bank downgraded shares of Interparfums from a “buy” rating to a “hold” rating and set a $130.00 target price on the stock. in a report on Friday, August 14th. Finally, BWS Financial cut shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 target price for the company. in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $123.29.

Interparfums Stock Performance

NASDAQ IPAR opened at $114.75 on Friday. The company has a market cap of $3.68 billion, a P/E ratio of 21.94 and a beta of 1.11. The business’s 50 day moving average price is $115.80 and its 200-day moving average price is $101.83. Interparfums, Inc. has a fifty-two week low of $77.21 and a fifty-two week high of $129.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.00 and a current ratio of 3.31.

Interparfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The business had revenue of $341.04 million for the quarter, compared to the consensus estimate of $341.00 million. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Sell-side analysts predict that Interparfums, Inc. will post 4.85 earnings per share for the current year.

Interparfums 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.