Vanguard Group Inc. Decreases Holdings in Interparfums, Inc. $IPAR

Vanguard Group Inc. decreased its holdings in Interparfums, Inc. (NASDAQ:IPAR) by 1.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,100,952 shares of the company’s stock after selling 33,067 shares during the period. Vanguard Group Inc. owned approximately 6.54% of Interparfums worth $206,692,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in IPAR. Exchange Traded Concepts LLC purchased a new stake in Interparfums during the third quarter valued at about $34,000. First Horizon Advisors Inc. lifted its stake in shares of Interparfums by 71.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock valued at $49,000 after acquiring an additional 156 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Interparfums in the 2nd quarter valued at about $84,000. State of Wyoming purchased a new stake in Interparfums during the 2nd quarter valued at about $127,000. Finally, Laurel Wealth Advisors LLC grew its position in Interparfums by 13,040.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,314 shares of the company’s stock worth $173,000 after acquiring an additional 1,304 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Interparfums Price Performance

Shares of IPAR stock opened at $100.78 on Monday. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 19.23 and a beta of 1.21. The business’s fifty day moving average is $94.21 and its 200 day moving average is $95.42. Interparfums, Inc. has a twelve month low of $77.21 and a twelve month high of $146.00. The company has a quick ratio of 1.97, a current ratio of 2.99 and a debt-to-equity ratio of 0.11.

Interparfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, February 24th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.10. The firm had revenue of $386.18 million for the quarter, compared to analysts’ expectations of $366.76 million. Interparfums had a net margin of 11.31% and a return on equity of 15.76%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Research analysts expect that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Interparfums Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.2%. Interparfums’s dividend payout ratio (DPR) is currently 61.07%.

Wall Street Analysts Forecast Growth

IPAR has been the subject of several recent research reports. UBS Group set a $103.00 price objective on Interparfums in a research report on Friday, November 21st. Canaccord Genuity Group reiterated a “buy” rating and set a $123.00 price target on shares of Interparfums in a report on Wednesday, November 19th. Jefferies Financial Group began coverage on shares of Interparfums in a research report on Wednesday, January 14th. They issued a “buy” rating and a $112.00 price objective on the stock. BWS Financial reiterated a “neutral” rating and set a $85.00 target price on shares of Interparfums in a report on Thursday, January 29th. Finally, Berenberg Bank began coverage on Interparfums in a research note on Friday, November 21st. They issued a “buy” rating and a $103.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Interparfums has a consensus rating of “Moderate Buy” and a consensus price target of $119.14.

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.