Versor Investments LP Takes Position in Interparfums, Inc. $IPAR

Versor Investments LP acquired a new stake in Interparfums, Inc. (NASDAQ:IPAR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,145 shares of the company’s stock, valued at approximately $413,000.

A number of other institutional investors have also modified their holdings of IPAR. Principal Financial Group Inc. grew its stake in shares of Interparfums by 2.3% in the first quarter. Principal Financial Group Inc. now owns 89,580 shares of the company’s stock valued at $10,200,000 after buying an additional 2,041 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Interparfums by 10.6% in the first quarter. Envestnet Asset Management Inc. now owns 122,594 shares of the company’s stock valued at $13,960,000 after buying an additional 11,784 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Interparfums in the first quarter valued at $3,897,000. CWM LLC grew its stake in shares of Interparfums by 29.4% in the first quarter. CWM LLC now owns 418 shares of the company’s stock valued at $48,000 after buying an additional 95 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Interparfums in the first quarter valued at $224,000. 55.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BWS Financial reissued a “buy” rating and set a $172.00 target price on shares of Interparfums in a research note on Wednesday, October 22nd. Canaccord Genuity Group reissued a “buy” rating and set a $168.00 target price on shares of Interparfums in a research note on Tuesday, October 21st. Jefferies Financial Group lowered their target price on Interparfums from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Interparfums in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein raised Interparfums to a “strong-buy” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Interparfums currently has a consensus rating of “Buy” and a consensus price target of $154.60.

Interparfums Stock Up 1.9%

Shares of NASDAQ IPAR opened at $91.25 on Thursday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 18.29 and a beta of 1.39. 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 business has a 50-day moving average of $100.62 and a two-hundred day moving average of $116.84. Interparfums, Inc. has a 1 year low of $87.46 and a 1 year high of $148.15.

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

About Interparfums

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.