Smartleaf Asset Management LLC Has $161,000 Stake in Interparfums, Inc. $IPAR

Smartleaf Asset Management LLC decreased its position in Interparfums, Inc. (NASDAQ:IPAR) by 16.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,375 shares of the company’s stock after selling 275 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Interparfums were worth $161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IPAR. Eukles Asset Management acquired a new stake in shares of Interparfums in the 1st quarter valued at about $30,000. CWM LLC raised its stake in shares of Interparfums by 29.4% in the 1st quarter. CWM LLC now owns 418 shares of the company’s stock valued at $48,000 after purchasing an additional 95 shares during the period. Blue Trust Inc. raised its stake in shares of Interparfums by 52.0% in the 1st quarter. Blue Trust Inc. now owns 506 shares of the company’s stock valued at $58,000 after purchasing an additional 173 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Interparfums in the 1st quarter valued at about $104,000. Finally, CX Institutional acquired a new stake in shares of Interparfums in the 1st quarter valued at about $117,000. Institutional investors and hedge funds own 55.57% of the company’s stock.

Interparfums Trading Up 1.7%

Interparfums stock opened at $116.02 on Thursday. Interparfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.69 and a current ratio of 2.96. The stock has a market capitalization of $3.73 billion, a P/E ratio of 23.25 and a beta of 1.43. The stock has a 50-day simple moving average of $125.52 and a 200 day simple moving average of $124.44.

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

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Interparfums in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $162.00.

Insider Transactions at Interparfums

In related news, Director Gilbert Harrison sold 400 shares of Interparfums stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $133.96, for a total transaction of $53,584.00. Following the completion of the transaction, the director owned 1,550 shares in the company, valued at approximately $207,638. This trade represents a 20.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Philippe Santi sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $139.23, for a total transaction of $139,230.00. The disclosure for this sale can be found here. Company insiders own 43.70% of the company’s stock.

Interparfums Profile

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.