US Bancorp DE Sells 1,887 Shares of Interparfums, Inc. $IPAR

US Bancorp DE lessened its holdings in Interparfums, Inc. (NASDAQ:IPAR) by 21.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,062 shares of the company’s stock after selling 1,887 shares during the quarter. US Bancorp DE’s holdings in Interparfums were worth $927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Interparfums by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 89,580 shares of the company’s stock worth $10,200,000 after acquiring an additional 2,041 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Interparfums during the 1st quarter worth approximately $1,714,000. Envestnet Asset Management Inc. raised its holdings in Interparfums by 10.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 122,594 shares of the company’s stock worth $13,960,000 after buying an additional 11,784 shares during the period. Entropy Technologies LP acquired a new stake in Interparfums during the 1st quarter worth approximately $470,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Interparfums by 251.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock valued at $79,645,000 after purchasing an additional 500,378 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Interparfums in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Interparfums Trading Up 2.5%

IPAR stock opened at $98.37 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. The company has a fifty day moving average price of $105.89 and a two-hundred day moving average price of $117.65. Interparfums, Inc. has a one year low of $91.06 and a one year high of $148.15. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 19.71 and a beta of 1.35.

Interparfums (NASDAQ:IPAR) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $357.58 million. During the same period last year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Equities analysts anticipate that Interparfums, Inc. will post 5.14 EPS for the current year.

Interparfums 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.