Summit Creek Advisors LLC Acquires 45,096 Shares of Interparfums, Inc. $IPAR

Summit Creek Advisors LLC increased its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR) by 84.6% during the third quarter, HoldingsChannel reports. The firm owned 98,413 shares of the company’s stock after buying an additional 45,096 shares during the period. Summit Creek Advisors LLC’s holdings in Interparfums were worth $9,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of IPAR. Charles Schwab Investment Management Inc. raised its position in Interparfums by 2.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 714,891 shares of the company’s stock worth $93,872,000 after buying an additional 15,453 shares during the last quarter. GW Henssler & Associates Ltd. bought a new stake in shares of Interparfums in the second quarter worth approximately $12,701,000. Carolina Wealth Advisors LLC raised its holdings in shares of Interparfums by 7,956.7% during the third quarter. Carolina Wealth Advisors LLC now owns 46,326 shares of the company’s stock valued at $4,558,000 after purchasing an additional 45,751 shares during the last quarter. Bahl & Gaynor Inc. raised its holdings in shares of Interparfums by 8.5% during the second quarter. Bahl & Gaynor Inc. now owns 406,497 shares of the company’s stock valued at $53,377,000 after purchasing an additional 31,850 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Interparfums by 93.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,920 shares of the company’s stock valued at $909,000 after purchasing an additional 3,352 shares during the period. 55.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on IPAR. Berenberg Bank started coverage on shares of Interparfums in a research report on Friday, November 21st. They issued a “buy” rating and a $103.00 target price for the company. Canaccord Genuity Group restated a “buy” rating and issued a $123.00 price target on shares of Interparfums in a research note on Wednesday, November 19th. BWS Financial lowered Interparfums from a “buy” rating to a “neutral” rating and set a $85.00 price objective for the company. in a report on Friday, November 21st. Jefferies Financial Group reduced their price objective on Interparfums from $150.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, October 28th. Finally, Sanford C. Bernstein raised Interparfums to a “strong-buy” rating in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Interparfums has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Interparfums Trading Up 0.2%

Shares of IPAR stock opened at $88.38 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.27 and a quick ratio of 1.99. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 17.30 and a beta of 1.23. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $148.15. The firm has a fifty day moving average price of $84.51 and a 200-day moving average price of $102.78.

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

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.