VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Interparfums, Inc. $IPAR

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Interparfums, Inc. (NASDAQ:IPAR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,344 shares of the company’s stock, valued at approximately $1,157,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. increased its holdings in Interparfums by 172.2% during the 4th quarter. Hantz Financial Services Inc. now owns 343 shares of the company’s stock worth $29,000 after purchasing an additional 217 shares during the period. Advisory Services Network LLC purchased a new position in shares of Interparfums in the 3rd quarter valued at about $40,000. Versant Capital Management Inc boosted its stake in shares of Interparfums by 75.4% in the 2nd quarter. Versant Capital Management Inc now owns 428 shares of the company’s stock valued at $48,000 after buying an additional 184 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Interparfums during the second quarter worth about $48,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Interparfums by 34.2% during the first quarter. EverSource Wealth Advisors LLC now owns 487 shares of the company’s stock worth $44,000 after buying an additional 124 shares in the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Interparfums Trading Up 1.4%

NASDAQ:IPAR opened at $112.01 on Friday. The stock has a 50-day simple moving average of $119.00 and a 200-day simple moving average of $103.45. The stock has a market cap of $3.59 billion, a P/E ratio of 21.42 and a beta of 1.12. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $129.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.00 and a current ratio of 3.31.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on IPAR shares. The Goldman Sachs Group lowered shares of Interparfums from a “buy” rating to a “neutral” rating and upped their target price for the stock from $110.00 to $129.00 in a research note on Monday, August 10th. Canaccord Genuity Group lifted their price target on shares of Interparfums from $141.00 to $151.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. BWS Financial cut shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price target for the company. in a report on Monday, August 17th. TD Cowen downgraded shares of Interparfums from a “buy” rating to a “hold” rating and increased their price objective for the company from $110.00 to $120.00 in a research report on Monday, August 10th. Finally, Berenberg Bank lowered shares of Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $123.29.

Insider Buying and Selling

In other Interparfums news, Director Veronique Gabai-Pinsky sold 900 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 900 shares of the company’s stock, valued at approximately $105,174. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 43.60% of the stock is owned by corporate insiders.

About Interparfums

Inter Parfums, Inc (NASDAQ: IPAR) develops, manufactures and distributes prestige fragrances and fragrance-related products. Its offerings include perfumes, eau de toilette, body care products and other beauty items marketed under a portfolio of internationally recognized designer and luxury brands.

The company operates through European and United States-based activities and typically works under license agreements with fashion houses, luxury-goods companies and other brand owners. Its portfolio has included brands such as Montblanc, Jimmy Choo, Coach, Kate Spade, Karl Lagerfeld, Oscar de la Renta, Rochas, Boucheron and Van Cleef & Arpels.