Tributary Capital Management LLC Takes $12.53 Million Position in Interparfums, Inc. $IPAR

Tributary Capital Management LLC purchased a new stake in Interparfums, Inc. (NASDAQ:IPAR) during the second quarter, according to its most recent filing with the SEC. The fund purchased 95,389 shares of the company’s stock, valued at approximately $12,526,000. Tributary Capital Management LLC owned about 0.30% of Interparfums as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eukles Asset Management bought a new stake in Interparfums in the 1st quarter valued at $30,000. CWM LLC increased its holdings in Interparfums by 29.4% in the 1st quarter. CWM LLC now owns 418 shares of the company’s stock valued at $48,000 after acquiring an additional 95 shares during the last quarter. Blue Trust Inc. increased its holdings in 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 acquiring an additional 173 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in Interparfums in the 2nd quarter valued at $76,000. Finally, New Age Alpha Advisors LLC bought a new stake in Interparfums in the 1st quarter valued at $104,000. 55.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on IPAR shares. BWS Financial reiterated a “buy” rating and issued a $172.00 price target on shares of Interparfums in a report on Wednesday. Sanford C. Bernstein upgraded shares of Interparfums to a “strong-buy” rating in a report on Tuesday. Canaccord Genuity Group restated a “buy” rating and issued a $168.00 target price on shares of Interparfums in a report on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Interparfums in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Interparfums presently has a consensus rating of “Buy” and a consensus target price of $162.00.

Interparfums Price Performance

IPAR stock opened at $99.02 on Thursday. Interparfums, Inc. has a 12 month low of $91.06 and a 12 month high of $148.15. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $104.84 and a 200 day moving average price of $117.46. The stock has a market cap of $3.18 billion, a PE ratio of 19.84 and a beta of 1.35.

Interparfums (NASDAQ:IPAR) last released 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 firm had revenue of $333.94 million for the quarter, compared to analysts’ expectations of $357.58 million. During the same period in the prior year, the firm posted $1.14 earnings per share. Interparfums’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. Equities research analysts anticipate that Interparfums, Inc. will post 5.14 earnings per share for the current year.

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.