Royce & Associates LP Raises Stock Holdings in Interparfums, Inc. $IPAR

Royce & Associates LP boosted its position in shares of Interparfums, Inc. (NASDAQ:IPAR) by 15.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 480,994 shares of the company’s stock after acquiring an additional 63,985 shares during the quarter. Royce & Associates LP’s holdings in Interparfums were worth $47,320,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Interparfums by 8.7% in the first quarter. Royal Bank of Canada now owns 55,923 shares of the company’s stock valued at $6,368,000 after acquiring an additional 4,453 shares during the period. AQR Capital Management LLC grew its stake in shares of Interparfums by 61.7% in the first quarter. AQR Capital Management LLC now owns 2,923 shares of the company’s stock worth $333,000 after purchasing an additional 1,115 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Interparfums by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,848 shares of the company’s stock valued at $1,235,000 after purchasing an additional 476 shares during the period. Goldman Sachs Group Inc. raised its position in Interparfums by 2.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 138,977 shares of the company’s stock valued at $15,825,000 after purchasing an additional 3,684 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Interparfums by 25.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 153,182 shares of the company’s stock worth $20,114,000 after buying an additional 30,588 shares during the period. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a report on Monday, December 29th. Berenberg Bank started coverage on shares of Interparfums in a report on Friday, November 21st. They issued a “buy” rating and a $103.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $123.00 target price on shares of Interparfums in a research note on Wednesday, November 19th. BWS Financial reiterated a “neutral” rating and set a $85.00 price target on shares of Interparfums in a research report on Thursday, January 29th. Finally, Zacks Research upgraded shares of Interparfums from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.14.

Interparfums Trading Down 3.3%

NASDAQ:IPAR opened at $100.78 on Friday. The firm has a market capitalization of $3.23 billion, a P/E ratio of 19.23 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.99 and a quick ratio of 1.99. Interparfums, Inc. has a one year low of $77.21 and a one year high of $146.00. The company’s 50-day simple moving average is $94.21 and its 200 day simple moving average is $95.58.

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

Interparfums Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, March 16th. This represents a $3.20 annualized dividend and a dividend yield of 3.2%. Interparfums’s dividend payout ratio (DPR) is presently 61.07%.

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.