Interparfums, Inc. $IPAR Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its position in Interparfums, Inc. (NASDAQ:IPAR) by 12.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 758,004 shares of the company’s stock after selling 106,088 shares during the period. Interparfums makes up about 0.8% of Royce & Associates LP’s investment portfolio, making the stock its 7th biggest position. Royce & Associates LP owned approximately 2.37% of Interparfums worth $84,108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in Interparfums during the second quarter worth $326,252,000. Bank of New York Mellon Corp purchased a new stake in Interparfums during the second quarter worth $35,603,000. Bank of America Corp DE purchased a new stake in Interparfums during the second quarter worth $31,320,000. First Trust Advisors LP grew its holdings in Interparfums by 19.3% in the first quarter. First Trust Advisors LP now owns 879,005 shares of the company’s stock valued at $79,849,000 after purchasing an additional 142,223 shares during the last quarter. Finally, PDT Partners LLC acquired a new stake in Interparfums in the second quarter valued at $13,379,000. Institutional investors and hedge funds own 55.57% of the company’s stock.

Insider Buying and Selling

In related news, Director Veronique Gabai-Pinsky sold 900 shares of Interparfums stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $116.86, for a total transaction of $105,174.00. Following the completion of the sale, the director owned 900 shares in the company, valued at approximately $105,174. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 43.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Canaccord Genuity Group raised their price target on Interparfums from $151.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, November 6th. Jefferies Financial Group boosted their price objective on shares of Interparfums from $145.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, November 6th. TD Cowen cut 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 research note on Monday, August 10th. BWS Financial cut shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price objective on the stock. in a research note on Monday, August 17th. Finally, The Goldman Sachs Group downgraded shares of Interparfums from a “buy” rating to a “neutral” rating and raised their target price for the company from $110.00 to $129.00 in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Interparfums presently has a consensus rating of “Hold” and a consensus price target of $125.29.

Interparfums Price Performance

IPAR stock traded up $2.60 on Friday, reaching $133.37. The company had a trading volume of 221,693 shares, compared to its average volume of 245,614. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $138.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 3.33. The company’s fifty day moving average is $117.18 and its 200 day moving average is $106.34. The company has a market cap of $4.27 billion, a P/E ratio of 25.12 and a beta of 1.08.

Interparfums (NASDAQ:IPAR) last announced its earnings results on Wednesday, November 4th. The company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.32. The firm had revenue of $429.51 million for the quarter, compared to analysts’ expectations of $430.00 million. Interparfums had a return on equity of 15.43% and a net margin of 11.33%. Interparfums’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.05 EPS. On average, research analysts forecast that Interparfums, Inc. will post 4.85 earnings per share for the current year.

Interparfums Profile

Interparfums, Inc. develops, markets and distributes prestige fragrances and related beauty products. Its offerings include perfumes, colognes and fragrance-related products created with fashion, luxury and lifestyle brands. Founded in 1982 by Jean Madar and Philippe Benacin, the company has built a portfolio through licensing agreements and brand ownership. Its fragrance brands have included Coach, Jimmy Choo, Montblanc and Lacoste; its portfolio can change as licensing agreements begin or end.