First Trust Advisors LP Boosts Stake in Interparfums, Inc. $IPAR

First Trust Advisors LP lifted its stake in shares of Interparfums, Inc. (NASDAQ:IPAR) by 19.3% in the first quarter, HoldingsChannel.com reports. The fund owned 879,005 shares of the company’s stock after acquiring an additional 142,223 shares during the quarter. First Trust Advisors LP’s holdings in Interparfums were worth $79,849,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its position in Interparfums by 2.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,204 shares of the company’s stock valued at $357,000 after purchasing an additional 100 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Interparfums by 1.6% during the 2nd quarter. Osaic Holdings Inc. now owns 6,583 shares of the company’s stock valued at $865,000 after purchasing an additional 106 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Interparfums by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 3,564 shares of the company’s stock valued at $302,000 after purchasing an additional 107 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Interparfums by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,642 shares of the company’s stock valued at $224,000 after buying an additional 110 shares in the last quarter. Finally, State of Wyoming raised its holdings in shares of Interparfums by 23.0% during the 4th quarter. State of Wyoming now owns 600 shares of the company’s stock valued at $51,000 after buying an additional 112 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.

Interparfums Price Performance

Shares of Interparfums stock opened at $122.55 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.26 and a quick ratio of 2.05. Interparfums, Inc. has a one year low of $77.21 and a one year high of $128.62. The business’s 50 day simple moving average is $105.13 and its two-hundred day simple moving average is $97.93. The stock has a market capitalization of $3.93 billion, a P/E ratio of 23.25 and a beta of 1.13.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Canaccord Genuity Group upped their target price on Interparfums from $123.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen lowered shares of Interparfums from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. BWS Financial reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of Interparfums in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. Finally, TD Cowen assumed coverage on shares of Interparfums in a research report on Monday, June 1st. They issued a “buy” rating and a $110.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.00.

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.