Summit Creek Advisors LLC Buys 45,096 Shares of Interparfums, Inc. $IPAR

Summit Creek Advisors LLC boosted its position in Interparfums, Inc. (NASDAQ:IPAR) by 84.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,413 shares of the company’s stock after acquiring an additional 45,096 shares during the quarter. Summit Creek Advisors LLC owned 0.31% of Interparfums worth $9,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in Interparfums by 2.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 714,891 shares of the company’s stock valued at $93,872,000 after buying an additional 15,453 shares during the period. GW Henssler & Associates Ltd. purchased a new position in shares of Interparfums in the second quarter worth about $12,701,000. Carolina Wealth Advisors LLC increased its holdings in shares of Interparfums by 7,956.7% in the third quarter. Carolina Wealth Advisors LLC now owns 46,326 shares of the company’s stock worth $4,558,000 after buying an additional 45,751 shares during the period. Bahl & Gaynor Inc. lifted its stake in shares of Interparfums by 8.5% in the 2nd quarter. Bahl & Gaynor Inc. now owns 406,497 shares of the company’s stock valued at $53,377,000 after acquiring an additional 31,850 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Interparfums by 93.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,920 shares of the company’s stock valued at $909,000 after acquiring an additional 3,352 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Interparfums Price Performance

IPAR opened at $88.38 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.99 and a current ratio of 3.27. The stock has a market capitalization of $2.83 billion, a PE ratio of 17.30 and a beta of 1.23. The stock’s 50 day moving average price is $84.51 and its 200-day moving average price is $102.78. Interparfums, Inc. has a 52-week low of $77.21 and a 52-week high of $148.15.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.16. The company had revenue of $429.58 million during the quarter, compared to analyst estimates of $431.78 million. Interparfums had a return on equity of 16.31% and a net margin of 11.24%.The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.93 earnings per share. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. On average, equities research analysts predict that Interparfums, Inc. will post 5.14 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on IPAR. Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a research report on Monday, December 29th. Jefferies Financial Group cut their target price on shares of Interparfums from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. Sanford C. Bernstein raised shares of Interparfums to a “strong-buy” rating in a research note on Tuesday, October 21st. BWS Financial cut shares of Interparfums from a “buy” rating to a “neutral” rating and set a $85.00 price target for the company. in a research report on Friday, November 21st. Finally, Berenberg Bank started coverage on shares of Interparfums in a report on Friday, November 21st. They issued a “buy” rating and a $103.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $121.00.

About Interparfums

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.