The Manufacturers Life Insurance Company Acquires Shares of 9,260 Interparfums, Inc. $IPAR

The Manufacturers Life Insurance Company bought a new position in shares of Interparfums, Inc. (NASDAQ:IPAR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,260 shares of the company’s stock, valued at approximately $1,036,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Interparfums in the 2nd quarter worth approximately $326,252,000. Vanguard Group Inc. boosted its holdings in shares of Interparfums by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock worth $183,554,000 after acquiring an additional 62,832 shares during the period. First Trust Advisors LP grew its position in shares of Interparfums by 19.3% in the first 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 in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Interparfums by 2.6% in the first 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Interparfums by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 753,469 shares of the company’s stock valued at $63,917,000 after purchasing an additional 23,767 shares during the period. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IPAR has been the subject of several analyst reports. Canaccord Genuity Group raised their target price on Interparfums from $141.00 to $151.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. BWS Financial lowered shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 target price on the stock. in a report on Monday, August 17th. TD Cowen downgraded shares of Interparfums from a “buy” rating to a “hold” rating and raised their price target for the company from $110.00 to $120.00 in a report on Monday, August 10th. Finally, Jefferies Financial Group boosted their price target on shares of Interparfums from $115.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $123.29.

Insider Buying and Selling at Interparfums

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $116.86, for a total value of $105,174.00. Following the completion of the sale, the director owned 900 shares in the company, valued at $105,174. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 43.60% of the company’s stock.

Interparfums Price Performance

IPAR stock opened at $116.69 on Friday. The firm has a 50 day simple moving average of $119.25 and a two-hundred day simple moving average of $103.06. The stock has a market cap of $3.74 billion, a PE ratio of 22.31 and a beta of 1.12. Interparfums, Inc. has a one year low of $77.21 and a one year high of $129.29. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.31 and a quick ratio of 2.00.

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

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.