Principal Financial Group Inc. Boosts Stake in Interparfums, Inc. $IPAR

Principal Financial Group Inc. raised its stake in shares of Interparfums, Inc. (NASDAQ:IPAR) by 20.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 105,505 shares of the company’s stock after buying an additional 18,098 shares during the period. Principal Financial Group Inc.’s holdings in Interparfums were worth $9,584,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its holdings in shares of Interparfums by 172.2% in the fourth quarter. Hantz Financial Services Inc. now owns 343 shares of the company’s stock worth $29,000 after acquiring an additional 217 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Interparfums in the third quarter valued at $40,000. Global Retirement Partners LLC boosted its stake in shares of Interparfums by 39.0% during the fourth quarter. Global Retirement Partners LLC now owns 481 shares of the company’s stock valued at $41,000 after acquiring an additional 135 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Interparfums by 269.9% during the fourth quarter. GAMMA Investing LLC now owns 529 shares of the company’s stock valued at $45,000 after acquiring an additional 386 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new stake in Interparfums during the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Interparfums Price Performance

Interparfums stock opened at $122.55 on Friday. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $128.62. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.05 and a current ratio of 3.26. The firm has a 50 day moving average price of $105.13 and a 200 day moving average price of $97.93. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 23.25 and a beta of 1.13.

Interparfums (NASDAQ:IPAR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.21. The company had revenue of $344.89 million for the quarter, compared to the consensus estimate of $345.00 million. Interparfums had a net margin of 11.32% and a return on equity of 15.47%. Interparfums’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 earnings per share. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Sell-side analysts predict that Interparfums, Inc. will post 4.82 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on IPAR. BWS Financial reissued a “neutral” rating and issued a $85.00 target price on shares of Interparfums in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group lifted their price target on shares of Interparfums from $123.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen initiated coverage on shares of Interparfums in a research note on Monday, June 1st. They set a “buy” rating and a $110.00 price objective on the stock. Finally, Wall Street Zen cut shares of Interparfums from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Interparfums currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.00.

Interparfums 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.