Interparfums, Inc. $IPAR Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its stake in shares of Interparfums, Inc. (NASDAQ:IPAR) by 40.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,237 shares of the company’s stock after selling 6,321 shares during the quarter. Truist Financial Corp’s holdings in Interparfums were worth $784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IPAR. Aster Capital Management DIFC Ltd acquired a new position in Interparfums during the 3rd quarter valued at approximately $35,000. Advisory Services Network LLC acquired a new position in Interparfums during the 3rd quarter valued at approximately $40,000. GAMMA Investing LLC boosted its position in Interparfums by 269.9% during the 4th quarter. GAMMA Investing LLC now owns 529 shares of the company’s stock valued at $45,000 after purchasing an additional 386 shares during the period. Quarry LP boosted its position in Interparfums by 1,180.5% during the 3rd quarter. Quarry LP now owns 525 shares of the company’s stock valued at $52,000 after purchasing an additional 484 shares during the period. Finally, CWM LLC boosted its position in Interparfums by 21.3% during the 4th quarter. CWM LLC now owns 660 shares of the company’s stock valued at $56,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Interparfums Stock Performance

Shares of IPAR stock opened at $86.16 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.05 and a current ratio of 3.26. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $142.61. The stock has a fifty day moving average of $91.95 and a two-hundred day moving average of $90.87. The firm has a market capitalization of $2.76 billion, a PE ratio of 16.35 and a beta of 1.16.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.21. Interparfums had a return on equity of 15.47% and a net margin of 11.32%.The company had revenue of $344.89 million during the quarter, compared to analyst estimates of $345.00 million. During the same quarter in the previous year, the firm posted $1.32 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. As a group, research analysts expect that Interparfums, Inc. will post 4.82 EPS for the current year.

Interparfums Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, June 15th. Interparfums’s payout ratio is 60.72%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IPAR shares. Zacks Research upgraded Interparfums from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a research report on Friday, March 27th. Wall Street Zen lowered Interparfums from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, BWS Financial reiterated a “neutral” rating and set a $85.00 price target on shares of Interparfums in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.20.

Insider Buying and Selling at Interparfums

In other 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 completion of the sale, the chief executive officer owned 7,066,341 shares in the company, valued at $643,178,357.82. This represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 43.70% of the stock is currently owned by company insiders.

Interparfums Company 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.