Interparfums, Inc. $IPAR Holdings Trimmed by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in shares of Interparfums, Inc. (NASDAQ:IPAR) by 2.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 43,926 shares of the company’s stock after selling 983 shares during the quarter. Teacher Retirement System of Texas’ holdings in Interparfums were worth $5,768,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position 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 worth $241,194,000 after buying an additional 67,533 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Interparfums by 0.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,133,046 shares of the company’s stock worth $129,020,000 after acquiring an additional 8,318 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Interparfums by 26.9% in the 1st quarter. Victory Capital Management Inc. now owns 715,004 shares of the company’s stock worth $81,418,000 after acquiring an additional 151,358 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Interparfums by 251.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock worth $79,645,000 after acquiring an additional 500,378 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Interparfums by 31.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 464,878 shares of the company’s stock valued at $52,936,000 after purchasing an additional 110,163 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Interparfums Stock Down 2.5%

Interparfums stock opened at $89.41 on Friday. The company has a market capitalization of $2.87 billion, a P/E ratio of 17.92 and a beta of 1.35. The firm’s fifty day simple moving average is $102.63 and its 200-day simple moving average is $117.14. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. Interparfums, Inc. has a 1-year low of $89.31 and a 1-year high of $148.15.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on IPAR shares. Canaccord Genuity Group reiterated a “buy” rating and issued a $168.00 target price on shares of Interparfums in a report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Interparfums in a research note on Wednesday, October 8th. Sanford C. Bernstein raised shares of Interparfums to a “strong-buy” rating in a research note on Tuesday, October 21st. BWS Financial reiterated a “buy” rating and set a $172.00 price objective on shares of Interparfums in a report on Wednesday, October 22nd. Finally, Jefferies Financial Group cut their price objective on Interparfums from $150.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Interparfums presently has a consensus rating of “Buy” and an average price target of $154.60.

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.