Interparfums, Inc. $IPAR Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Raises Holdings

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Interparfums, Inc. (NASDAQ:IPAR) by 68.6% during the 3rd quarter, Holdings Channel reports. The firm owned 17,444 shares of the company’s stock after purchasing an additional 7,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Interparfums were worth $1,936,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IPAR. BlackRock Inc. acquired a new stake in shares of Interparfums during the 2nd quarter worth about $326,252,000. First Trust Advisors LP lifted its holdings in Interparfums by 19.3% during the 1st quarter. First Trust Advisors LP now owns 879,005 shares of the company’s stock valued at $79,849,000 after purchasing an additional 142,223 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Interparfums by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 796,189 shares of the company’s stock valued at $72,326,000 after purchasing an additional 20,146 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Interparfums in the second quarter valued at about $35,603,000. Finally, Bank of America Corp DE acquired a new position in Interparfums in the second quarter valued at about $31,320,000. Institutional investors own 55.57% of the company’s stock.

Insider Transactions at Interparfums

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $116.86, for a total transaction of $105,174.00. Following the transaction, the director owned 900 shares in the company, valued at $105,174. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 43.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on IPAR shares. Zacks Research raised shares of Interparfums from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. Canaccord Genuity Group lifted their target price on shares of Interparfums from $141.00 to $151.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. The Goldman Sachs Group cut shares of Interparfums from a “buy” rating to a “neutral” rating and lifted their target price for the company from $110.00 to $129.00 in a research note on Monday, August 10th. TD Cowen downgraded Interparfums from a “buy” rating to a “hold” rating and boosted their target price for the stock from $110.00 to $120.00 in a report on Monday, August 10th. Finally, Berenberg Bank lowered Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price target on the stock. in a research report on Friday, August 14th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Interparfums has a consensus rating of “Hold” and a consensus price target of $123.29.

Interparfums Price Performance

Shares of IPAR stock opened at $117.09 on Wednesday. The stock’s fifty day moving average is $114.58 and its 200-day moving average is $104.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.00 and a current ratio of 3.31. The stock has a market capitalization of $3.75 billion, a PE ratio of 22.92 and a beta of 1.08. Interparfums, Inc. has a 52 week low of $77.21 and a 52 week high of $129.29.

Interparfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.95. Interparfums had a return on equity of 15.21% and a net margin of 11.17%. The company had revenue of $341.04 million during the quarter, compared to analyst estimates of $341.00 million. During the same period last year, the company posted $0.99 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts expect that Interparfums, Inc. will post 4.85 EPS for the current fiscal year.

Interparfums 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.