London Co. of Virginia Sells 30,807 Shares of Interparfums, Inc. $IPAR

London Co. of Virginia reduced its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR) by 16.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 154,684 shares of the company’s stock after selling 30,807 shares during the period. London Co. of Virginia’s holdings in Interparfums were worth $13,122,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Interparfums by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock worth $183,554,000 after acquiring an additional 62,832 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Interparfums by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 776,043 shares of the company’s stock worth $65,831,000 after acquiring an additional 73,159 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 worth $63,917,000 after acquiring an additional 23,767 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Interparfums by 17.3% during the 4th quarter. First Trust Advisors LP now owns 736,782 shares of the company’s stock worth $62,501,000 after acquiring an additional 108,433 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Interparfums by 0.8% during the 4th quarter. State Street Corp now owns 688,964 shares of the company’s stock worth $58,445,000 after acquiring an additional 5,370 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

Interparfums Trading Up 0.8%

IPAR stock opened at $100.17 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.26 and a quick ratio of 2.05. The company has a fifty day moving average price of $92.92 and a two-hundred day moving average price of $91.98. Interparfums, Inc. has a one year low of $77.21 and a one year high of $139.94. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 19.01 and a beta of 1.16.

Interparfums (NASDAQ:IPAR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $345.00 million. During the same period in the previous year, the business posted $1.32 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Equities analysts anticipate that Interparfums, Inc. will post 4.82 EPS for the current year.

Insider Buying and Selling

In other Interparfums news, CEO Jean Madar sold 20,000 shares of Interparfums stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $91.02, for a total transaction of $1,820,400.00. Following the completion of the transaction, the chief executive officer directly owned 7,066,341 shares of the company’s stock, valued at $643,178,357.82. The trade was a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 43.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on IPAR. TD Cowen began coverage on shares of Interparfums in a research note on Monday, June 1st. They set a “buy” rating and a $110.00 price target for the company. Wall Street Zen cut shares of Interparfums from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Interparfums in a research note on Friday, March 27th. Finally, BWS Financial reissued a “neutral” rating and issued a $85.00 target price on shares of Interparfums in a research note on Wednesday, April 22nd. One 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. Based on data from MarketBeat.com, Interparfums has an average rating of “Moderate Buy” and an average price target of $106.00.

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.