Blue Trust Inc. Acquires 175 Shares of Interparfums, Inc. $IPAR

Blue Trust Inc. raised its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR) by 34.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 681 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Blue Trust Inc.’s holdings in Interparfums were worth $89,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Interparfums by 3.3% in the first quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company’s stock valued at $241,194,000 after acquiring an additional 67,533 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Interparfums by 0.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,133,046 shares of the company’s stock valued at $129,020,000 after acquiring an additional 8,318 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Interparfums by 26.9% in the first quarter. Victory Capital Management Inc. now owns 715,004 shares of the company’s stock valued at $81,418,000 after acquiring an additional 151,358 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Interparfums by 251.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock valued at $79,645,000 after acquiring an additional 500,378 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in shares of Interparfums by 31.1% in the first quarter. Westwood Holdings Group Inc. now owns 464,878 shares of the company’s stock valued at $52,936,000 after acquiring an additional 110,163 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Interparfums in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Interparfums currently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Interparfums Price Performance

Shares of IPAR stock opened at $98.37 on Friday. Interparfums, Inc. has a fifty-two week low of $91.06 and a fifty-two week high of $148.15. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 19.71 and a beta of 1.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.69 and a current ratio of 2.96. The stock’s 50-day simple moving average is $105.89 and its 200-day simple moving average is $117.65.

Interparfums (NASDAQ:IPAR) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.11). Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The business had revenue of $333.94 million for the quarter, compared to analysts’ expectations of $357.58 million. During the same quarter in the previous year, the firm posted $1.14 EPS. Interparfums’s revenue was down 2.3% on a year-over-year basis. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, equities analysts forecast that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Interparfums Company 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.