Odyssean LLC Increases Position in Interparfums, Inc. $IPAR

Odyssean LLC lifted its stake in Interparfums, Inc. (NASDAQ:IPAR) by 87.0% during the second quarter, HoldingsChannel.com reports. The firm owned 29,208 shares of the company’s stock after purchasing an additional 13,592 shares during the quarter. Interparfums makes up about 0.5% of Odyssean LLC’s portfolio, making the stock its 20th largest holding. Odyssean LLC’s holdings in Interparfums were worth $3,267,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IPAR. BlackRock Inc. purchased a new stake in shares of Interparfums during the second quarter valued at approximately $326,252,000. Deprince Race & Zollo Inc. purchased a new stake in Interparfums during the 1st quarter valued at $30,283,000. Bank of New York Mellon Corp bought a new position in shares of Interparfums during the 2nd quarter valued at $35,603,000. Norges Bank bought a new position in shares of Interparfums during the 4th quarter valued at $19,313,000. Finally, Royce & Associates LP boosted its stake in shares of Interparfums by 42.0% in the 4th quarter. Royce & Associates LP now owns 683,201 shares of the company’s stock worth $57,956,000 after buying an additional 202,207 shares during the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Interparfums Trading Up 2.4%

Shares of IPAR stock opened at $116.69 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.31 and a quick ratio of 2.00. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 22.31 and a beta of 1.12. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $129.29. The firm has a fifty day moving average price of $119.25 and a 200-day moving average price of $103.06.

Interparfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, hitting analysts’ consensus estimates of $0.95. The company had revenue of $341.04 million for the quarter, compared to analysts’ expectations of $341.00 million. Interparfums had a return on equity of 15.21% and a net margin of 11.17%.Interparfums’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. As a group, equities analysts predict that Interparfums, Inc. will post 4.85 earnings per share for the current year.

Insider Activity

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $116.86, for a total transaction of $105,174.00. Following the completion of the transaction, the director directly owned 900 shares in the company, valued at approximately $105,174. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 43.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. TD Cowen lowered 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 report on Monday, August 10th. Jefferies Financial Group increased their target price on Interparfums from $115.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. The Goldman Sachs Group cut Interparfums from a “buy” rating to a “neutral” rating and raised their target price for the stock from $110.00 to $129.00 in a research report on Monday, August 10th. Berenberg Bank downgraded Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price target for the company. in a research note on Friday, August 14th. Finally, Canaccord Genuity Group upped their price target on shares of Interparfums from $141.00 to $151.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $123.29.

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.