Entropy Technologies LP Makes New $470,000 Investment in Interparfums, Inc. (NASDAQ:IPAR)

Entropy Technologies LP bought a new position in Interparfums, Inc. (NASDAQ:IPAR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,129 shares of the company’s stock, valued at approximately $470,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin Edwards Inc. grew its position in Interparfums by 5.7% in the 1st quarter. Benjamin Edwards Inc. now owns 17,639 shares of the company’s stock worth $2,009,000 after purchasing an additional 952 shares during the last quarter. Cynosure Group LLC grew its position in Interparfums by 9.8% in the 1st quarter. Cynosure Group LLC now owns 2,563 shares of the company’s stock worth $292,000 after purchasing an additional 228 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Interparfums by 251.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock worth $79,645,000 after purchasing an additional 500,378 shares during the last quarter. Vanguard Group Inc. grew its position in Interparfums by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company’s stock worth $241,194,000 after purchasing an additional 67,533 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its position in Interparfums by 31.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 464,878 shares of the company’s stock worth $52,936,000 after purchasing an additional 110,163 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Analyst Upgrades and Downgrades

IPAR has been the subject of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $138.00 price objective (down from $169.00) on shares of Interparfums in a report on Thursday, April 24th. BWS Financial reiterated a “buy” rating and issued a $172.00 price objective on shares of Interparfums in a report on Wednesday, May 7th.

Insider Buying and Selling

In related news, VP Philippe Santi sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total transaction of $139,230.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gilbert Harrison sold 400 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $133.96, for a total transaction of $53,584.00. Following the sale, the director owned 1,550 shares of the company’s stock, valued at $207,638. The trade was a 20.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 43.70% of the company’s stock.

Interparfums Trading Up 1.5%

Interparfums stock opened at $118.26 on Thursday. The firm has a 50 day simple moving average of $130.27 and a 200-day simple moving average of $126.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. The stock has a market capitalization of $3.80 billion, a PE ratio of 23.70 and a beta of 1.43. Interparfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15.

Interparfums (NASDAQ:IPAR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.11). The company had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The company’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share. As a group, equities research analysts expect that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Interparfums Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, September 15th. Interparfums’s dividend payout ratio (DPR) is presently 64.13%.

Interparfums Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.