Interparfums, Inc. $IPAR Shares Bought by Granite Investment Partners LLC

Granite Investment Partners LLC raised its position in shares of Interparfums, Inc. (NASDAQ:IPAR) by 58.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 48,965 shares of the company’s stock after buying an additional 18,024 shares during the period. Granite Investment Partners LLC’s holdings in Interparfums were worth $4,448,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in shares of Interparfums by 172.2% in the 4th quarter. Hantz Financial Services Inc. now owns 343 shares of the company’s stock valued at $29,000 after buying an additional 217 shares during the period. Advisory Services Network LLC purchased a new stake in Interparfums during the third quarter worth about $40,000. Global Retirement Partners LLC increased its stake in Interparfums by 39.0% during the fourth quarter. Global Retirement Partners LLC now owns 481 shares of the company’s stock worth $41,000 after purchasing an additional 135 shares during the period. Quarry LP lifted its position in shares of Interparfums by 1,180.5% during the third quarter. Quarry LP now owns 525 shares of the company’s stock worth $52,000 after purchasing an additional 484 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Interparfums by 269.9% during the fourth quarter. GAMMA Investing LLC now owns 529 shares of the company’s stock worth $45,000 after purchasing an additional 386 shares in the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Interparfums Stock Up 2.4%

Shares of NASDAQ:IPAR opened at $118.41 on Friday. The firm’s 50 day moving average price is $98.45 and its 200 day moving average price is $95.21. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 22.47 and a beta of 1.13. Interparfums, Inc. has a fifty-two week low of $77.21 and a fifty-two week high of $139.00. The company has a quick ratio of 2.05, a current ratio of 3.26 and a debt-to-equity ratio of 0.10.

Interparfums (NASDAQ:IPAR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.14 by $0.21. Interparfums had a net margin of 11.32% and a return on equity of 15.47%. The company had revenue of $344.89 million during the quarter, compared to analysts’ expectations of $345.00 million. During the same quarter in the previous year, the business posted $1.32 EPS. The firm’s 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, equities research analysts predict that Interparfums, Inc. will post 4.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IPAR has been the subject of a number of research reports. TD Cowen assumed coverage on shares of Interparfums in a report on Monday, June 1st. They issued a “buy” rating and a $110.00 price objective for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Interparfums in a report on Wednesday, June 24th. Wall Street Zen cut shares of Interparfums from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, BWS Financial reissued a “neutral” rating and issued a $85.00 price target on shares of Interparfums in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.