Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Interparfums, Inc. $IPAR

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Interparfums, Inc. (NASDAQ:IPAR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,834 shares of the company’s stock, valued at approximately $1,212,000.

Other institutional investors also recently modified their holdings of the company. Deprince Race & Zollo Inc. bought a new stake in Interparfums during the 1st quarter worth approximately $30,283,000. Bank of New York Mellon Corp bought a new position in Interparfums in the 2nd quarter valued at $35,603,000. Norges Bank bought a new position in Interparfums in the 4th quarter valued at $19,313,000. Royce & Associates LP boosted its stake in Interparfums by 42.0% in the fourth quarter. Royce & Associates LP now owns 683,201 shares of the company’s stock worth $57,956,000 after purchasing an additional 202,207 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Interparfums by 823.0% in the third quarter. Millennium Management LLC now owns 205,526 shares of the company’s stock worth $20,220,000 after purchasing an additional 183,258 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.

Interparfums Stock Up 0.7%

NASDAQ:IPAR opened at $115.60 on Friday. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 22.10 and a beta of 1.11. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.00 and a current ratio of 3.31. The stock’s fifty day moving average price is $116.08 and its two-hundred day moving average price is $101.92. Interparfums, Inc. has a 52-week low of $77.21 and a 52-week high of $129.29.

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

Analyst Upgrades and Downgrades

IPAR has been the topic of several research analyst reports. TD Cowen cut Interparfums from a “buy” rating to a “hold” rating and increased their target price for the stock from $110.00 to $120.00 in a report on Monday, August 10th. Wall Street Zen downgraded shares of Interparfums from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. BWS Financial downgraded shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price target on the stock. in a research report on Monday, August 17th. Berenberg Bank cut shares of Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price objective for the company. in a research report on Friday, August 14th. Finally, Weiss Ratings raised shares of Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. One equities 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $123.29.

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.