Deprince Race & Zollo Inc. Purchases Shares of 333,367 Interparfums, Inc. $IPAR

Deprince Race & Zollo Inc. purchased a new position in shares of Interparfums, Inc. (NASDAQ:IPAR) in the first quarter, HoldingsChannel reports. The institutional investor purchased 333,367 shares of the company’s stock, valued at approximately $30,283,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in Interparfums by 8.7% in the first quarter. Royal Bank of Canada now owns 55,923 shares of the company’s stock valued at $6,368,000 after buying an additional 4,453 shares in the last quarter. AQR Capital Management LLC lifted its position in Interparfums by 61.7% during the 1st quarter. AQR Capital Management LLC now owns 2,923 shares of the company’s stock worth $333,000 after buying an additional 1,115 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Interparfums by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,848 shares of the company’s stock worth $1,235,000 after buying an additional 476 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Interparfums by 2.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 138,977 shares of the company’s stock worth $15,825,000 after acquiring an additional 3,684 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Interparfums by 24.1% in the second quarter. Russell Investments Group Ltd. now owns 9,752 shares of the company’s stock valued at $1,281,000 after purchasing an additional 1,893 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IPAR. Wall Street Zen lowered Interparfums from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. TD Cowen began coverage on shares of Interparfums in a report on Monday, June 1st. They set a “buy” rating and a $110.00 price objective for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a report on Wednesday, June 24th. Finally, BWS Financial reissued a “neutral” rating and set a $85.00 price objective on shares of Interparfums in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $106.00.

Interparfums Price Performance

NASDAQ:IPAR opened at $115.66 on Thursday. The stock’s 50 day moving average price is $95.18 and its two-hundred day moving average price is $93.71. Interparfums, Inc. has a 12-month low of $77.21 and a 12-month high of $139.94. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 21.95 and a beta of 1.13. The company has a quick ratio of 2.05, a current ratio of 3.26 and a debt-to-equity ratio of 0.10.

Interparfums (NASDAQ:IPAR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.21. The firm had revenue of $344.89 million during the quarter, compared to analysts’ expectations of $345.00 million. Interparfums had a net margin of 11.32% and a return on equity of 15.47%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.32 earnings per share. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, analysts anticipate that Interparfums, Inc. will post 4.82 earnings per share for the current year.

About Interparfums

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.