Sequoia Financial Advisors LLC Purchases Shares of 4,952 Interparfums, Inc. $IPAR

Sequoia Financial Advisors LLC purchased a new stake in shares of Interparfums, Inc. (NASDAQ:IPAR) in the first quarter, HoldingsChannel reports. The institutional investor purchased 4,952 shares of the company’s stock, valued at approximately $450,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Interparfums by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock valued at $183,554,000 after purchasing an additional 62,832 shares during the last quarter. UBS Group AG grew its stake in Interparfums by 91.4% in the 4th quarter. UBS Group AG now owns 131,105 shares of the company’s stock worth $11,122,000 after buying an additional 62,605 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Interparfums in the 3rd quarter worth $5,156,000. JPMorgan Chase & Co. raised its position in shares of Interparfums by 27.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 114,625 shares of the company’s stock valued at $11,277,000 after buying an additional 24,673 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Interparfums by 9,091.5% during the 4th quarter. SG Americas Securities LLC now owns 122,890 shares of the company’s stock valued at $10,425,000 after buying an additional 121,553 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Interparfums Trading Down 1.3%

IPAR stock opened at $122.82 on Wednesday. The company has a market capitalization of $3.93 billion, a PE ratio of 23.31 and a beta of 1.13. Interparfums, Inc. has a one year low of $77.21 and a one year high of $133.97. The company’s 50 day moving average price is $103.09 and its two-hundred day moving average price is $97.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.05 and a current ratio of 3.26.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.21. Interparfums had a net margin of 11.32% and a return on equity of 15.47%. The firm had revenue of $344.89 million during the quarter, compared to analyst estimates of $345.00 million. During the same period in the previous year, the business posted $1.32 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. As a group, analysts predict that Interparfums, Inc. will post 4.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IPAR. Weiss Ratings raised shares of Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. Wall Street Zen downgraded Interparfums from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. TD Cowen initiated coverage on Interparfums in a research note on Monday, June 1st. They set a “buy” rating and a $110.00 price target for the company. Finally, BWS Financial reiterated a “neutral” rating and issued a $85.00 price objective on shares of Interparfums in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

Interparfums Profile

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company’s core activities include fragrance creation, brand management and international logistics.