Quantbot Technologies LP Takes $1.45 Million Position in Interparfums, Inc. $IPAR

Quantbot Technologies LP bought a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 11,058 shares of the company’s stock, valued at approximately $1,452,000.

Several other hedge funds have also recently added to or reduced their stakes in IPAR. Vanguard Group Inc. boosted its holdings in Interparfums by 3.3% during the first quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company’s stock valued at $241,194,000 after purchasing an additional 67,533 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Interparfums by 0.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,133,046 shares of the company’s stock valued at $129,020,000 after acquiring an additional 8,318 shares during the period. Westwood Holdings Group Inc. raised its stake in Interparfums by 66.8% during the second quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company’s stock worth $101,843,000 after acquiring an additional 310,712 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Interparfums by 2.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 714,891 shares of the company’s stock valued at $93,872,000 after acquiring an additional 15,453 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Interparfums by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 447,354 shares of the company’s stock valued at $58,748,000 after purchasing an additional 2,295 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Interparfums Price Performance

IPAR opened at $82.75 on Monday. The company has a fifty day moving average price of $89.74 and a two-hundred day moving average price of $111.68. The firm has a market capitalization of $2.65 billion, a PE ratio of 16.19 and a beta of 1.25. Interparfums, Inc. has a 52 week low of $77.21 and a 52 week high of $148.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.99 and a current ratio of 3.27.

Interparfums (NASDAQ:IPAR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.16. Interparfums had a return on equity of 16.31% and a net margin of 11.24%.The business had revenue of $429.58 million during the quarter, compared to the consensus estimate of $431.78 million. During the same quarter in the prior year, the company posted $1.93 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. As a group, analysts anticipate that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Berenberg Bank initiated coverage on shares of Interparfums in a research report on Friday, November 21st. They set a “buy” rating and a $103.00 target price for the company. Jefferies Financial Group cut their target price on shares of Interparfums from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, October 28th. Canaccord Genuity Group restated a “buy” rating and set a $123.00 price target on shares of Interparfums in a research report on Wednesday, November 19th. UBS Group set a $103.00 price objective on Interparfums in a research note on Friday, November 21st. Finally, Sanford C. Bernstein upgraded Interparfums to a “strong-buy” rating in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Interparfums has an average rating of “Moderate Buy” and a consensus target price of $121.00.

About Interparfums

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.