Norges Bank Purchases New Position in Interparfums, Inc. $IPAR

Norges Bank purchased a new stake in Interparfums, Inc. (NASDAQ:IPAR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 227,666 shares of the company’s stock, valued at approximately $19,313,000. Norges Bank owned 0.71% of Interparfums as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Interparfums by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock worth $183,554,000 after buying an additional 62,832 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Interparfums by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 702,884 shares of the company’s stock worth $69,155,000 after buying an additional 5,703 shares during the period. Royce & Associates LP lifted its holdings in Interparfums by 42.0% during the fourth 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 period. State Street Corp lifted its holdings in Interparfums by 0.3% during the second quarter. State Street Corp now owns 678,162 shares of the company’s stock worth $89,049,000 after buying an additional 2,311 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Interparfums by 17.2% during the third quarter. First Trust Advisors LP now owns 628,349 shares of the company’s stock worth $61,817,000 after buying an additional 92,253 shares during the period. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Interparfums Stock Performance

Shares of IPAR stock opened at $96.86 on Wednesday. The business’s fifty day simple moving average is $92.02 and its 200-day simple moving average is $91.29. The company has a market cap of $3.10 billion, a PE ratio of 18.38 and a beta of 1.16. The company has a current ratio of 3.26, a quick ratio of 2.05 and a debt-to-equity ratio of 0.10. Interparfums, Inc. has a 12-month low of $77.21 and a 12-month high of $142.61.

Interparfums (NASDAQ:IPAR) last released its earnings results on Tuesday, May 5th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.21. Interparfums had a return on equity of 15.47% and a net margin of 11.32%.The firm had revenue of $344.89 million for the quarter, compared to the consensus estimate of $345.00 million. During the same period in the prior year, the firm earned $1.32 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Analysts expect that Interparfums, Inc. will post 4.82 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Jean Madar sold 20,000 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $91.02, for a total value of $1,820,400.00. Following the transaction, the chief executive officer directly owned 7,066,341 shares of the company’s stock, valued at $643,178,357.82. This represents a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 43.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. TD Cowen assumed coverage on Interparfums in a report on Monday, June 1st. They set a “buy” rating and a $110.00 target price for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a report on Friday, March 27th. BWS Financial restated a “neutral” rating and set a $85.00 target price on shares of Interparfums in a report on Wednesday, April 22nd. Finally, Wall Street Zen lowered Interparfums from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Interparfums 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.