Copeland Capital Management LLC lowered its position in shares of Interparfums, Inc. (NASDAQ:IPAR – Free Report) by 32.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 527 shares of the company’s stock after selling 248 shares during the quarter. Copeland Capital Management LLC’s holdings in Interparfums were worth $69,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Eukles Asset Management bought a new position in Interparfums during the first quarter valued at about $30,000. CWM LLC boosted its stake in Interparfums by 29.4% during the first quarter. CWM LLC now owns 418 shares of the company’s stock valued at $48,000 after buying an additional 95 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Interparfums by 52.0% in the 1st quarter. Blue Trust Inc. now owns 506 shares of the company’s stock valued at $58,000 after purchasing an additional 173 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Interparfums in the 1st quarter valued at $104,000. Finally, CX Institutional acquired a new position in shares of Interparfums in the 1st quarter valued at $117,000. Institutional investors own 55.57% of the company’s stock.
Interparfums Stock Up 0.4%
IPAR opened at $94.50 on Friday. Interparfums, Inc. has a fifty-two week low of $92.46 and a fifty-two week high of $148.15. The business has a 50-day moving average of $111.04 and a 200-day moving average of $119.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. The company has a market capitalization of $3.04 billion, a PE ratio of 18.94 and a beta of 1.35.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Interparfums in a research report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.00.
View Our Latest Research Report on IPAR
Interparfums Profile
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.
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