Interparfums, Inc. $IPAR Shares Purchased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. boosted its position in shares of Interparfums, Inc. (NASDAQ:IPAR) by 66.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 775,590 shares of the company’s stock after buying an additional 310,712 shares during the period. Interparfums accounts for approximately 0.9% of Westwood Holdings Group Inc.’s portfolio, making the stock its 23rd biggest holding. Westwood Holdings Group Inc. owned about 2.41% of Interparfums worth $101,843,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IPAR. CWM LLC increased its holdings in shares of Interparfums by 29.4% in the 1st quarter. CWM LLC now owns 418 shares of the company’s stock valued at $48,000 after acquiring an additional 95 shares during the period. First Horizon Advisors Inc. raised its position in Interparfums by 71.2% in the second quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock worth $49,000 after acquiring an additional 156 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in Interparfums in the second quarter valued at $76,000. Blue Trust Inc. grew its stake in shares of Interparfums by 34.6% during the 2nd quarter. Blue Trust Inc. now owns 681 shares of the company’s stock worth $89,000 after purchasing an additional 175 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Interparfums in the 1st quarter valued at about $104,000. 55.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on IPAR. Jefferies Financial Group dropped their price objective on Interparfums from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, October 28th. Sanford C. Bernstein upgraded shares of Interparfums to a “strong-buy” rating in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of Interparfums in a research report on Wednesday, October 8th. BWS Financial restated a “buy” rating and issued a $172.00 price objective on shares of Interparfums in a research report on Wednesday, October 22nd. Finally, Canaccord Genuity Group lowered their price target on shares of Interparfums from $168.00 to $123.00 and set a “buy” rating for the company in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Interparfums currently has a consensus rating of “Buy” and a consensus target price of $145.60.

Interparfums Stock Down 0.1%

Shares of NASDAQ IPAR opened at $87.43 on Friday. The stock has a market capitalization of $2.80 billion, a PE ratio of 17.52 and a beta of 1.39. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14. Interparfums, Inc. has a 52-week low of $86.09 and a 52-week high of $148.15. The firm has a fifty day moving average of $96.85 and a 200-day moving average of $115.83.

Interparfums (NASDAQ:IPAR) last released its quarterly earnings results on Wednesday, November 5th. The company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.16. The company had revenue of $429.58 million for the quarter, compared to the consensus estimate of $431.78 million. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. Interparfums’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.93 EPS. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. On average, analysts anticipate that Interparfums, Inc. will post 5.14 EPS for the current year.

Interparfums 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.