PineStone Asset Management Inc. Sells 1,567 Shares of Interparfums, Inc. $IPAR

PineStone Asset Management Inc. trimmed its position in Interparfums, Inc. (NASDAQ:IPAR) by 1.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 108,517 shares of the company’s stock after selling 1,567 shares during the period. PineStone Asset Management Inc. owned about 0.34% of Interparfums worth $14,249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its position in shares of Interparfums by 1.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 79,823 shares of the company’s stock valued at $10,482,000 after acquiring an additional 1,192 shares during the period. Park Avenue Securities LLC grew its position in shares of Interparfums by 17.9% during the 2nd quarter. Park Avenue Securities LLC now owns 4,067 shares of the company’s stock valued at $534,000 after acquiring an additional 618 shares during the period. Sowell Financial Services LLC bought a new position in shares of Interparfums during the 2nd quarter valued at approximately $201,000. Rhumbline Advisers grew its position in shares of Interparfums by 0.5% during the 1st quarter. Rhumbline Advisers now owns 56,156 shares of the company’s stock valued at $6,394,000 after acquiring an additional 256 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of Interparfums by 45.5% during the 1st quarter. Intech Investment Management LLC now owns 24,172 shares of the company’s stock valued at $2,752,000 after acquiring an additional 7,555 shares during the period. 55.57% of the stock is owned by institutional investors.

Interparfums Stock Down 0.9%

Interparfums stock opened at $99.88 on Friday. Interparfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The firm has a 50 day moving average price of $114.72 and a 200-day moving average price of $120.52. The company has a market capitalization of $3.21 billion, a P/E ratio of 20.02 and a beta of 1.44. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14.

Interparfums (NASDAQ:IPAR) last released its earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.11). Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The company had revenue of $333.94 million for the quarter, compared to the consensus estimate of $357.58 million. During the same period in the prior year, the company earned $1.14 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. 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.

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.