PDT Partners LLC Invests $13.38 Million in Interparfums, Inc. $IPAR

PDT Partners LLC bought a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 119,601 shares of the company’s stock, valued at approximately $13,379,000.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in Interparfums during the second quarter worth about $326,252,000. Vanguard Group Inc. boosted its position in Interparfums by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock worth $183,554,000 after purchasing an additional 62,832 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Interparfums by 19.3% during the 1st quarter. First Trust Advisors LP now owns 879,005 shares of the company’s stock worth $79,849,000 after purchasing an additional 142,223 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Interparfums by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 796,189 shares of the company’s stock worth $72,326,000 after purchasing an additional 20,146 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Interparfums by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 753,469 shares of the company’s stock valued at $63,917,000 after purchasing an additional 23,767 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Interparfums Trading Down 0.2%

Shares of IPAR stock opened at $116.56 on Wednesday. Interparfums, Inc. has a 1-year low of $77.21 and a 1-year high of $129.29. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 22.29 and a beta of 1.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.31 and a quick ratio of 2.00. The stock has a 50 day simple moving average of $116.75 and a 200-day simple moving average of $102.20.

Interparfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.95. The firm had revenue of $341.04 million for the quarter, compared to analysts’ expectations of $341.00 million. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, equities research analysts expect that Interparfums, Inc. will post 4.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IPAR. Berenberg Bank cut shares of Interparfums from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a research note on Friday, August 14th. Jefferies Financial Group lifted their price objective on shares of Interparfums from $115.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. TD Cowen downgraded shares of Interparfums from a “buy” rating to a “hold” rating and upped their price objective for the stock from $110.00 to $120.00 in a research report on Monday, August 10th. The Goldman Sachs Group lowered shares of Interparfums from a “buy” rating to a “neutral” rating and increased their target price for the stock from $110.00 to $129.00 in a research note on Monday, August 10th. Finally, Canaccord Genuity Group raised their target price on Interparfums from $141.00 to $151.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $123.29.

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.