Burney Co. Has $638,000 Holdings in Interparfums, Inc. $IPAR

Burney Co. lessened its position in Interparfums, Inc. (NASDAQ:IPAR) by 38.5% in the second quarter, HoldingsChannel reports. The fund owned 4,859 shares of the company’s stock after selling 3,038 shares during the quarter. Burney Co.’s holdings in Interparfums were worth $638,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Interparfums by 2.3% during the first quarter. Principal Financial Group Inc. now owns 89,580 shares of the company’s stock valued at $10,200,000 after buying an additional 2,041 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Interparfums by 10.6% during the first 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 during the last quarter. Entropy Technologies LP purchased a new position in shares of Interparfums during the first quarter valued at approximately $470,000. GW Henssler & Associates Ltd. purchased a new position in shares of Interparfums during the second quarter valued at approximately $12,701,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Interparfums by 251.4% during the first 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 during the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Interparfums Stock Performance

Shares of IPAR opened at $91.25 on Thursday. The firm has a market cap of $2.93 billion, a PE ratio of 18.29 and a beta of 1.39. The stock’s fifty day moving average price is $100.62 and its two-hundred day moving average price is $116.84. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. Interparfums, Inc. has a 1 year low of $87.46 and a 1 year high of $148.15.

Interparfums (NASDAQ:IPAR) last issued its earnings results 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). Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The firm had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts forecast that Interparfums, Inc. will post 5.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IPAR. Sanford C. Bernstein raised Interparfums to a “strong-buy” rating in a research report on Tuesday, October 21st. BWS Financial reaffirmed a “buy” rating and set a $172.00 target price on shares of Interparfums in a research report on Wednesday, October 22nd. Jefferies Financial Group cut their target price on Interparfums from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interparfums in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $168.00 price target on shares of Interparfums in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $154.60.

Interparfums Company 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.