Vest Financial LLC Has $4.14 Million Stock Position in Interparfums, Inc. $IPAR

Vest Financial LLC boosted its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR) by 25.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 31,506 shares of the company’s stock after buying an additional 6,408 shares during the period. Vest Financial LLC’s holdings in Interparfums were worth $4,137,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IPAR. CX Institutional acquired a new position in Interparfums during the first quarter valued at $117,000. Fifth Third Bancorp raised its position in Interparfums by 6.4% during the first quarter. Fifth Third Bancorp now owns 3,783 shares of the company’s stock valued at $431,000 after buying an additional 226 shares during the period. Blue Trust Inc. raised its position in Interparfums by 52.0% during the first quarter. Blue Trust Inc. now owns 506 shares of the company’s stock valued at $58,000 after buying an additional 173 shares during the period. Bessemer Group Inc. raised its position in Interparfums by 26.2% during the first quarter. Bessemer Group Inc. now owns 179,355 shares of the company’s stock valued at $20,423,000 after buying an additional 37,184 shares during the period. Finally, Illinois Municipal Retirement Fund raised its position in Interparfums by 1.6% during the first quarter. Illinois Municipal Retirement Fund now owns 9,623 shares of the company’s stock valued at $1,096,000 after buying an additional 156 shares during the period. 55.57% of the stock is owned by institutional investors and hedge funds.

Interparfums Stock Performance

Shares of IPAR stock opened at $92.50 on Tuesday. 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 fifty-two week low of $91.19 and a fifty-two week high of $148.15. The stock’s 50-day moving average is $107.67 and its two-hundred day moving average is $118.21. The firm has a market cap of $2.97 billion, a P/E ratio of 18.54 and a beta of 1.35.

Interparfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $357.58 million. During the same period in the previous year, the company earned $1.14 earnings per share. The business’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. Analysts predict that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Interparfums in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

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.