Interparfums, Inc. $IPAR Shares Sold by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd trimmed its stake in shares of Interparfums, Inc. (NASDAQ:IPAR) by 80.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 314 shares of the company’s stock after selling 1,261 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Interparfums were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position 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 period. 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. lifted its position 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 acquiring 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, GW Henssler & Associates Ltd. purchased a new position in shares of Interparfums during the 2nd quarter worth approximately $12,701,000. 55.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IPAR. Sanford C. Bernstein raised Interparfums to a “strong-buy” rating in a research note on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Interparfums in a research note on Saturday. BWS Financial reissued a “buy” rating and set a $172.00 target price on shares of Interparfums in a research note on Wednesday. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $168.00 target price on shares of Interparfums in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $162.00.

Interparfums Stock Performance

NASDAQ IPAR opened at $96.49 on Friday. Interparfums, Inc. has a 1-year low of $91.06 and a 1-year high of $148.15. The company has a market capitalization of $3.10 billion, a P/E ratio of 19.34 and a beta of 1.35. The business has a 50 day moving average price of $104.17 and a 200 day moving average price of $117.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69.

Interparfums (NASDAQ:IPAR) last released 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 net margin of 11.03% and a return on equity of 16.45%. The firm had revenue of $333.94 million during the quarter, compared to analysts’ expectations of $357.58 million. During the same period in the previous year, the business earned $1.14 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Sell-side analysts expect that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

About Interparfums

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.