Kingsview Wealth Management LLC Invests $5.50 Million in Interparfums, Inc. $IPAR

Kingsview Wealth Management LLC acquired a new stake in Interparfums, Inc. (NASDAQ:IPAR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 49,148 shares of the company’s stock, valued at approximately $5,498,000.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Interparfums by 3.0% in the 4th 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 last quarter. UBS Group AG boosted its position in shares of Interparfums by 91.4% during the fourth quarter. UBS Group AG now owns 131,105 shares of the company’s stock valued at $11,122,000 after buying an additional 62,605 shares during the period. Principal Financial Group Inc. boosted its position in shares of Interparfums by 20.7% during the first quarter. Principal Financial Group Inc. now owns 105,505 shares of the company’s stock valued at $9,584,000 after buying an additional 18,098 shares during the period. London Co. of Virginia grew its stake in shares of Interparfums by 21.6% during the first quarter. London Co. of Virginia now owns 188,043 shares of the company’s stock valued at $17,082,000 after buying an additional 33,359 shares during the last quarter. Finally, Granite Investment Partners LLC grew its stake in shares of Interparfums by 58.3% during the first quarter. Granite Investment Partners LLC now owns 48,965 shares of the company’s stock valued at $4,448,000 after buying an additional 18,024 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Interparfums Stock Up 0.4%

Shares of NASDAQ:IPAR opened at $117.78 on Friday. Interparfums, Inc. has a 52-week low of $77.21 and a 52-week high of $129.29. The stock has a market cap of $3.77 billion, a P/E ratio of 22.52 and a beta of 1.11. The business’s 50 day moving average is $117.89 and its 200 day moving average is $102.52. The company has a quick ratio of 2.00, a current ratio of 3.31 and a debt-to-equity ratio of 0.09.

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

Insider Activity at Interparfums

In other news, Director Veronique Gabai-Pinsky sold 900 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $116.86, for a total transaction of $105,174.00. Following the transaction, the director owned 900 shares in the company, valued at approximately $105,174. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 43.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on IPAR shares. The Goldman Sachs Group lowered Interparfums from a “buy” rating to a “neutral” rating and raised their price target for the stock from $110.00 to $129.00 in a research note on Monday, August 10th. BWS Financial downgraded Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 target price for the company. in a research report on Monday, August 17th. TD Cowen lowered shares of Interparfums from a “buy” rating to a “hold” rating and boosted their target price for the company from $110.00 to $120.00 in a research note on Monday, August 10th. Jefferies Financial Group raised their price target on shares of Interparfums from $115.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Interparfums presently has an average rating of “Hold” and a consensus target price of $123.29.

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.