Interparfums, Inc. $IPAR Stock Sold by Cooke & Bieler LP

Cooke & Bieler LP lessened its stake in Interparfums, Inc. (NASDAQ:IPAR) by 48.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 119,580 shares of the company’s stock after selling 114,230 shares during the period. Cooke & Bieler LP’s holdings in Interparfums were worth $13,269,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Interparfums in the 2nd quarter valued at approximately $326,252,000. First Trust Advisors LP lifted its position in Interparfums by 19.3% in the first quarter. First Trust Advisors LP now owns 879,005 shares of the company’s stock valued at $79,849,000 after buying an additional 142,223 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Interparfums by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 796,189 shares of the company’s stock worth $72,326,000 after purchasing an additional 20,146 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in Interparfums in the 1st quarter valued at about $30,283,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Interparfums during the second quarter worth $35,603,000. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of Interparfums from $141.00 to $151.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Berenberg Bank lowered shares of Interparfums from a “buy” rating to a “hold” rating and set a $130.00 target price on the stock. in a research report on Friday, August 14th. Jefferies Financial Group increased their price objective on Interparfums from $115.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. The Goldman Sachs Group lowered shares of Interparfums from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $110.00 to $129.00 in a research note on Monday, August 10th. Finally, Zacks Research cut Interparfums from a “hold” rating to a “strong sell” rating in a research report on Monday, September 14th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $123.29.

Insider Activity at Interparfums

In other Interparfums news, Director Veronique Gabai-Pinsky sold 900 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $116.86, for a total value of $105,174.00. Following the completion of the sale, the director owned 900 shares of the company’s stock, valued at $105,174. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 43.60% of the company’s stock.

Interparfums Trading Down 2.3%

Shares of Interparfums stock opened at $113.20 on Thursday. The company has a quick ratio of 2.00, a current ratio of 3.31 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.63 billion, a PE ratio of 21.64 and a beta of 1.16. The business’s fifty day moving average is $114.40 and its two-hundred day moving average is $107.45. Interparfums, Inc. has a fifty-two week low of $77.21 and a fifty-two week high of $129.29.

Interparfums (NASDAQ:IPAR) last released its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.95. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The firm had revenue of $341.04 million during the quarter, compared to the consensus estimate of $341.00 million. During the same period in the previous year, the firm earned $0.99 earnings per share. Interparfums’s revenue was up 2.1% compared to the same quarter last year. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Analysts anticipate that Interparfums, Inc. will post 4.85 earnings per share for the current year.

Interparfums Company Profile

Interparfums, Inc (NASDAQ: IPAR) develops, manufactures and distributes prestige fragrances and related beauty products. The company operates primarily through licensing agreements with fashion, luxury and lifestyle brands, creating perfumes, colognes, body products and other fragrance-related offerings for men and women.

Its portfolio has included internationally recognized names such as Montblanc, Jimmy Choo, Coach, Kate Spade New York, Rochas, Boucheron, Van Cleef & Arpels, Oscar de la Renta and Karl Lagerfeld, although brand relationships and licensing arrangements may change over time.