Empowered Funds LLC Purchases New Position in Interparfums, Inc. $IPAR

Empowered Funds LLC purchased a new stake in Interparfums, Inc. (NASDAQ:IPAR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 57,645 shares of the company’s stock, valued at approximately $6,448,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted 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 in the last quarter. UBS Group AG increased its holdings in Interparfums by 91.4% in the fourth quarter. UBS Group AG now owns 131,105 shares of the company’s stock valued at $11,122,000 after buying an additional 62,605 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Interparfums by 20.7% in the first quarter. Principal Financial Group Inc. now owns 105,505 shares of the company’s stock worth $9,584,000 after acquiring an additional 18,098 shares during the period. London Co. of Virginia raised its position in shares of Interparfums by 21.6% in the first quarter. London Co. of Virginia now owns 188,043 shares of the company’s stock worth $17,082,000 after acquiring an additional 33,359 shares during the period. Finally, Granite Investment Partners LLC boosted its stake in shares of Interparfums by 58.3% during the 1st quarter. Granite Investment Partners LLC now owns 48,965 shares of the company’s stock worth $4,448,000 after acquiring an additional 18,024 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IPAR. TD Cowen cut Interparfums from a “buy” rating to a “hold” rating and raised their target price for the company from $110.00 to $120.00 in a research report on Monday, August 10th. Canaccord Genuity Group upped their price target on Interparfums from $141.00 to $151.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Jefferies Financial Group increased their price target on Interparfums from $115.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. Finally, Berenberg Bank cut Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price objective for the company. in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $123.29.

Insider Transactions at Interparfums

In other news, Director Veronique Gabai-Pinsky sold 900 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $116.86, for a total transaction of $105,174.00. Following the completion of the sale, the director owned 900 shares of the company’s stock, valued at $105,174. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 43.60% of the stock is currently owned by company insiders.

Interparfums Price Performance

Shares of Interparfums stock opened at $117.78 on Monday. The stock has a market capitalization of $3.77 billion, a P/E ratio of 22.52 and a beta of 1.11. The business has a 50 day simple moving average of $117.89 and a two-hundred day simple moving average of $102.54. Interparfums, Inc. has a 12 month low of $77.21 and a 12 month high of $129.29. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.31 and a quick ratio of 2.00.

Interparfums (NASDAQ:IPAR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. Interparfums had a return on equity of 15.21% and a net margin of 11.17%.The firm had revenue of $341.04 million during the quarter, compared to analysts’ expectations of $341.00 million. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. As a group, analysts predict that Interparfums, Inc. will post 4.85 EPS for the current fiscal year.

About Interparfums

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.