Vanguard Personalized Indexing Management LLC Boosts Stake in Interparfums, Inc. $IPAR

Vanguard Personalized Indexing Management LLC raised its position in Interparfums, Inc. (NASDAQ:IPAR) by 93.9% during the second quarter, HoldingsChannel.com reports. The firm owned 6,920 shares of the company’s stock after purchasing an additional 3,352 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Interparfums were worth $909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Interparfums by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 2,118,154 shares of the company’s stock worth $241,194,000 after purchasing an additional 67,533 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Interparfums by 0.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,133,046 shares of the company’s stock worth $129,020,000 after purchasing an additional 8,318 shares during the period. Victory Capital Management Inc. raised its position in Interparfums by 26.9% in the 1st quarter. Victory Capital Management Inc. now owns 715,004 shares of the company’s stock worth $81,418,000 after purchasing an additional 151,358 shares during the period. Charles Schwab Investment Management Inc. raised its position in Interparfums by 251.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock worth $79,645,000 after purchasing an additional 500,378 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in Interparfums by 31.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 464,878 shares of the company’s stock worth $52,936,000 after purchasing an additional 110,163 shares during the period. 55.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Interparfums Stock Performance

Shares of NASDAQ:IPAR opened at $98.37 on Monday. The firm has a market cap of $3.16 billion, a PE ratio of 19.71 and a beta of 1.35. The firm’s 50 day simple moving average is $105.89 and its 200-day simple moving average is $117.75. Interparfums, Inc. has a one year low of $91.06 and a one year high of $148.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.69 and a current ratio of 2.96.

Interparfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.11). The company had revenue of $333.94 million for the quarter, compared to analysts’ expectations of $357.58 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The business’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. As a group, equities analysts predict 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.