VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 10,344 Interparfums, Inc. $IPAR

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Interparfums, Inc. (NASDAQ:IPAR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,344 shares of the company’s stock, valued at approximately $1,157,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS Group AG boosted its position in shares of Interparfums by 91.4% in the 4th quarter. UBS Group AG now owns 131,105 shares of the company’s stock valued at $11,122,000 after purchasing an additional 62,605 shares during the period. Principal Financial Group Inc. increased its position in Interparfums by 20.7% during the first quarter. Principal Financial Group Inc. now owns 105,505 shares of the company’s stock worth $9,584,000 after buying an additional 18,098 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Interparfums during the second quarter worth approximately $3,027,000. London Co. of Virginia lifted its stake in Interparfums by 21.6% in the first quarter. London Co. of Virginia now owns 188,043 shares of the company’s stock valued at $17,082,000 after buying an additional 33,359 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in Interparfums in the first quarter valued at approximately $2,666,000. 55.57% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Veronique Gabai-Pinsky sold 900 shares of Interparfums stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $116.86, for a total value of $105,174.00. Following the transaction, the director directly owned 900 shares in the company, valued at $105,174. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 43.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Berenberg Bank downgraded Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price objective for the company. in a report on Friday, August 14th. TD Cowen downgraded shares of Interparfums from a “buy” rating to a “hold” rating and upped their price target for the company from $110.00 to $120.00 in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group cut shares of Interparfums from a “buy” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $129.00 in a research note on Monday, August 10th. Finally, BWS Financial downgraded shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price objective on the stock. in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $123.29.

Interparfums Stock Up 1.4%

IPAR opened at $112.01 on Friday. The business has a 50 day moving average price of $119.00 and a two-hundred day moving average price of $103.45. The company has a quick ratio of 2.00, a current ratio of 3.31 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.59 billion, a PE ratio of 21.42 and a beta of 1.12. Interparfums, Inc. has a 52 week low of $77.21 and a 52 week high of $129.29.

Interparfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. The company had revenue of $341.04 million for the quarter, compared to the consensus estimate of $341.00 million. Interparfums had a return on equity of 15.21% and a net margin of 11.17%.The company’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. As a group, research analysts anticipate that Interparfums, Inc. will post 4.85 EPS for the current year.

Interparfums Profile

Inter Parfums, Inc (NASDAQ: IPAR) develops, manufactures and distributes prestige fragrances and fragrance-related products. Its offerings include perfumes, eau de toilette, body care products and other beauty items marketed under a portfolio of internationally recognized designer and luxury brands.

The company operates through European and United States-based activities and typically works under license agreements with fashion houses, luxury-goods companies and other brand owners. Its portfolio has included brands such as Montblanc, Jimmy Choo, Coach, Kate Spade, Karl Lagerfeld, Oscar de la Renta, Rochas, Boucheron and Van Cleef & Arpels.