Public Employees Retirement System of Ohio Makes New $3.03 Million Investment in Interparfums, Inc. $IPAR

Public Employees Retirement System of Ohio purchased a new position in shares of Interparfums, Inc. (NASDAQ:IPAR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,062 shares of the company’s stock, valued at approximately $3,027,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Interparfums in the 2nd quarter worth approximately $326,252,000. Vanguard Group Inc. grew its position in Interparfums by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock worth $183,554,000 after purchasing an additional 62,832 shares during the last quarter. First Trust Advisors LP increased its stake in Interparfums by 19.3% during the 1st 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in Interparfums by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 796,189 shares of the company’s stock valued at $72,326,000 after purchasing an additional 20,146 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Interparfums by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 753,469 shares of the company’s stock worth $63,917,000 after buying an additional 23,767 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Interparfums Stock Up 2.4%

IPAR stock opened at $116.69 on Friday. Interparfums, Inc. has a one year low of $77.21 and a one year high of $129.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.00 and a current ratio of 3.31. The firm’s fifty day moving average is $119.25 and its 200 day moving average is $103.06. The firm has a market cap of $3.74 billion, a PE ratio of 22.31 and a beta of 1.12.

Interparfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.95. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The business had revenue of $341.04 million during the quarter, compared to the consensus estimate of $341.00 million. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, research analysts forecast that Interparfums, Inc. will post 4.85 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on IPAR. TD Cowen downgraded shares of Interparfums from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $110.00 to $120.00 in a research note on Monday, August 10th. BWS Financial lowered Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 target price for the company. in a research note on Monday, August 17th. Canaccord Genuity Group lifted their price target on Interparfums from $141.00 to $151.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group boosted their price target on Interparfums from $115.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Finally, The Goldman Sachs Group lowered Interparfums from a “buy” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $129.00 in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $123.29.

Insider Buying and Selling at Interparfums

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $116.86, for a total value of $105,174.00. Following the completion of the transaction, the director owned 900 shares of the company’s stock, valued at approximately $105,174. This 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. 43.60% of the stock is currently owned by corporate insiders.

Interparfums Company Profile

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.