Legal & General Group Plc Takes Position in Interparfums, Inc. $IPAR

Legal & General Group Plc bought a new stake in Interparfums, Inc. (NASDAQ:IPAR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,453 shares of the company’s stock, valued at approximately $4,861,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Interparfums in the 2nd quarter worth about $326,252,000. Vanguard Group Inc. grew its holdings in shares of Interparfums by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock valued at $183,554,000 after buying an additional 62,832 shares during the last quarter. First Trust Advisors LP increased its position in shares of Interparfums by 19.3% during the first quarter. First Trust Advisors LP now owns 879,005 shares of the company’s stock worth $79,849,000 after acquiring an additional 142,223 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 20,146 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Interparfums by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 753,469 shares of the company’s stock worth $63,917,000 after acquiring an additional 23,767 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Interparfums Price Performance

IPAR opened at $114.01 on Friday. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 21.80 and a beta of 1.12. 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 50-day moving average price of $119.08 and a 200-day moving average price of $102.97. Interparfums, Inc. has a twelve month low of $77.21 and a twelve month high of $129.29.

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

Insider Activity

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $116.86, for a total transaction of $105,174.00. Following the sale, the director directly owned 900 shares in the company, valued at approximately $105,174. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 43.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on IPAR. TD Cowen downgraded Interparfums from a “buy” rating to a “hold” rating and lifted their price target for the company from $110.00 to $120.00 in a research note on Monday, August 10th. Berenberg Bank cut 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. The Goldman Sachs Group downgraded Interparfums from a “buy” rating to a “neutral” rating and upped their price target for the stock from $110.00 to $129.00 in a report on Monday, August 10th. Jefferies Financial Group upped their target price on shares of Interparfums from $115.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $123.29.

Interparfums Company 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.