Norges Bank Buys New Shares in Interparfums, Inc. $IPAR

Norges Bank purchased a new position in shares of Interparfums, Inc. (NASDAQ:IPAR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 227,666 shares of the company’s stock, valued at approximately $19,313,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its position 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. Aster Capital Management DIFC Ltd acquired a new stake in Interparfums during the 3rd quarter worth about $35,000. Advisory Services Network LLC acquired a new stake in Interparfums during the 3rd quarter worth about $40,000. Global Retirement Partners LLC grew its position in Interparfums by 39.0% during the 4th quarter. Global Retirement Partners LLC now owns 481 shares of the company’s stock worth $41,000 after purchasing an additional 135 shares during the period. Finally, GAMMA Investing LLC grew its position in Interparfums by 269.9% during the 4th quarter. GAMMA Investing LLC now owns 529 shares of the company’s stock worth $45,000 after purchasing an additional 386 shares during the period. 55.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BWS Financial reaffirmed a “neutral” rating and set a $85.00 price target on shares of Interparfums in a research report on Wednesday, April 22nd. Wall Street Zen downgraded Interparfums from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. TD Cowen assumed coverage on Interparfums in a research report on Monday, June 1st. They set a “buy” rating and a $110.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Interparfums in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Insiders Place Their Bets

In related news, CEO Jean Madar sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $91.02, for a total value of $1,820,400.00. Following the transaction, the chief executive officer directly owned 7,066,341 shares of the company’s stock, valued at approximately $643,178,357.82. This trade represents a 0.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 43.70% of the company’s stock.

Interparfums Price Performance

NASDAQ:IPAR opened at $96.86 on Wednesday. Interparfums, Inc. has a 52 week low of $77.21 and a 52 week high of $142.61. The company has a quick ratio of 2.05, a current ratio of 3.26 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.10 billion, a PE ratio of 18.38 and a beta of 1.16. The stock’s 50-day moving average price is $92.02 and its 200-day moving average price is $91.29.

Interparfums (NASDAQ:IPAR) last posted its earnings results on Tuesday, May 5th. The company reported $1.35 EPS for the quarter, beating 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 firm had revenue of $344.89 million for the quarter, compared to analysts’ expectations of $345.00 million. During the same period last year, the firm earned $1.32 EPS. The company’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, equities analysts expect that Interparfums, Inc. will post 4.82 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.