106,088 Interparfums, Inc. $IPAR Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its position in shares of Interparfums, Inc. (NASDAQ:IPAR) by 12.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 758,004 shares of the company’s stock after selling 106,088 shares during the period. Interparfums accounts for approximately 0.8% of Royce & Associates LP’s portfolio, making the stock its 7th largest holding. Royce & Associates LP’s holdings in Interparfums were worth $84,108,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in Interparfums in the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in Interparfums by 34.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $44,000 after acquiring an additional 124 shares during the last quarter. Versant Capital Management Inc raised its holdings in Interparfums by 75.4% in the 2nd quarter. Versant Capital Management Inc now owns 428 shares of the company’s stock valued at $48,000 after acquiring an additional 184 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Interparfums during the 2nd quarter worth $48,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Interparfums during the 2nd quarter worth $50,000. Institutional investors and hedge funds own 55.57% of the company’s stock.

Insider Activity

In other news, Director Veronique Gabai-Pinsky sold 900 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $116.86, for a total transaction of $105,174.00. Following the completion of the sale, the director directly owned 900 shares of the company’s stock, valued at $105,174. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 43.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IPAR shares. TD Cowen cut Interparfums from a “buy” rating to a “hold” rating and raised their price objective for the stock from $110.00 to $120.00 in a report on Monday, August 10th. The Goldman Sachs Group lowered Interparfums from a “buy” rating to a “neutral” rating and upped their target price for the company from $110.00 to $129.00 in a research note on Monday, August 10th. Jefferies Financial Group upped their target price on Interparfums from $145.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, November 6th. Canaccord Genuity Group increased their target price on Interparfums from $151.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, November 6th. Finally, BWS Financial lowered Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price target on the stock. in a research note on Monday, August 17th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Interparfums currently has an average rating of “Hold” and a consensus price target of $125.29.

Interparfums Trading Up 2.0%

Shares of IPAR traded up $2.60 during mid-day trading on Friday, hitting $133.37. The company had a trading volume of 221,693 shares, compared to its average volume of 245,614. Interparfums, Inc. has a 1-year low of $77.21 and a 1-year high of $138.13. The business’s 50-day simple moving average is $117.18 and its 200-day simple moving average is $106.34. The stock has a market cap of $4.27 billion, a PE ratio of 25.12 and a beta of 1.08. The company has a quick ratio of 2.13, a current ratio of 3.33 and a debt-to-equity ratio of 0.13.

Interparfums (NASDAQ:IPAR) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.81 by $0.32. The firm had revenue of $429.51 million during the quarter, compared to analyst estimates of $430.00 million. Interparfums had a net margin of 11.33% and a return on equity of 15.43%. Interparfums’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 earnings per share. Sell-side analysts forecast that Interparfums, Inc. will post 4.85 earnings per share for the current year.

About Interparfums

Interparfums, Inc. develops, markets and distributes prestige fragrances and related beauty products. Its offerings include perfumes, colognes and fragrance-related products created with fashion, luxury and lifestyle brands. Founded in 1982 by Jean Madar and Philippe Benacin, the company has built a portfolio through licensing agreements and brand ownership. Its fragrance brands have included Coach, Jimmy Choo, Montblanc and Lacoste; its portfolio can change as licensing agreements begin or end.