Liontrust Investment Partners LLP Acquires Shares of 6,676 Interparfums, Inc. (NASDAQ:IPAR)

Liontrust Investment Partners LLP acquired a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,676 shares of the company’s stock, valued at approximately $760,000.

Other institutional investors also recently added to or reduced their stakes in the company. Eukles Asset Management acquired a new stake in Interparfums during the first quarter valued at approximately $30,000. CWM LLC boosted its holdings in Interparfums by 29.4% during the first quarter. CWM LLC now owns 418 shares of the company’s stock valued at $48,000 after purchasing an additional 95 shares in the last quarter. Blue Trust Inc. boosted its holdings in Interparfums by 52.0% during the first quarter. Blue Trust Inc. now owns 506 shares of the company’s stock valued at $58,000 after purchasing an additional 173 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings in Interparfums by 210.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock valued at $67,000 after purchasing an additional 347 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Interparfums by 100.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock valued at $105,000 after purchasing an additional 400 shares in the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Interparfums

In related news, Director Gilbert Harrison sold 400 shares of the business’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $133.96, for a total value of $53,584.00. Following the completion of the transaction, the director owned 1,550 shares in the company, valued at $207,638. The trade was a 20.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Philippe Santi sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total transaction of $139,230.00. The disclosure for this sale can be found here. Insiders own 43.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IPAR shares. Piper Sandler reaffirmed an “overweight” rating and set a $138.00 price objective (down from $169.00) on shares of Interparfums in a report on Thursday, April 24th. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Interparfums in a research note on Wednesday, May 7th.

Interparfums Stock Performance

NASDAQ:IPAR opened at $112.80 on Friday. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $129.33 and a 200-day moving average of $125.85. Interparfums, Inc. has a 1 year low of $97.65 and a 1 year high of $148.15. The stock has a market capitalization of $3.62 billion, a P/E ratio of 22.61 and a beta of 1.43.

Interparfums (NASDAQ:IPAR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.11). Interparfums had a return on equity of 16.45% and a net margin of 11.03%. The company had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. During the same quarter last year, the firm earned $1.14 EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Interparfums Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, September 15th. Interparfums’s payout ratio is 64.13%.

Interparfums Company Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.