ZWJ Investment Counsel Inc. Makes New Investment in Interparfums, Inc. $IPAR

ZWJ Investment Counsel Inc. bought a new position in Interparfums, Inc. (NASDAQ:IPAR) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,632 shares of the company’s stock, valued at approximately $214,000.

A number of other large investors have also added to or reduced their stakes in IPAR. Principal Financial Group Inc. boosted its stake in shares of Interparfums by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 89,580 shares of the company’s stock worth $10,200,000 after acquiring an additional 2,041 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Interparfums during the 1st quarter valued at $1,714,000. Envestnet Asset Management Inc. lifted its stake in shares of Interparfums by 10.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 122,594 shares of the company’s stock valued at $13,960,000 after buying an additional 11,784 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Interparfums during the 1st quarter valued at $470,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Interparfums by 251.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock valued at $79,645,000 after buying an additional 500,378 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Interparfums in a research note on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Interparfums Stock Performance

Shares of NASDAQ:IPAR opened at $94.50 on Friday. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 18.94 and a beta of 1.35. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. Interparfums, Inc. has a 12 month low of $92.46 and a 12 month high of $148.15. The firm’s 50-day moving average is $111.04 and its 200 day moving average is $119.30.

Interparfums (NASDAQ:IPAR) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.11). The company had revenue of $333.94 million during the quarter, compared to analysts’ expectations of $357.58 million. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. Interparfums’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Research analysts predict that Interparfums, Inc. will post 5.14 EPS for the current year.

About Interparfums

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.