WCM Investment Management LLC Purchases 6,567 Shares of Interparfums, Inc. $IPAR

WCM Investment Management LLC lifted its holdings in Interparfums, Inc. (NASDAQ:IPAR) by 3.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 181,498 shares of the company’s stock after purchasing an additional 6,567 shares during the quarter. WCM Investment Management LLC owned 0.57% of Interparfums worth $18,193,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IPAR. Exchange Traded Concepts LLC purchased a new position in shares of Interparfums in the 3rd quarter worth $34,000. First Horizon Advisors Inc. lifted its holdings in shares of Interparfums by 71.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock valued at $49,000 after acquiring an additional 156 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Interparfums in the second quarter worth about $84,000. Blue Trust Inc. increased its stake in Interparfums by 34.6% during the second quarter. Blue Trust Inc. now owns 681 shares of the company’s stock worth $89,000 after acquiring an additional 175 shares during the last quarter. Finally, State of Wyoming bought a new stake in Interparfums during the second quarter worth approximately $127,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Wall Street Analyst Weigh In

IPAR has been the subject of several analyst reports. Zacks Research lowered Interparfums from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. BWS Financial restated a “neutral” rating and issued a $85.00 price target on shares of Interparfums in a research report on Thursday, January 29th. Sanford C. Bernstein raised shares of Interparfums to a “strong-buy” rating in a research note on Tuesday, October 21st. Berenberg Bank assumed coverage on shares of Interparfums in a research note on Friday, November 21st. They issued a “buy” rating and a $103.00 target price on the stock. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $123.00 price target on shares of Interparfums in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Interparfums has an average rating of “Moderate Buy” and a consensus price target of $119.14.

Interparfums Stock Up 0.6%

NASDAQ:IPAR opened at $98.14 on Tuesday. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 19.21 and a beta of 1.24. Interparfums, Inc. has a twelve month low of $77.21 and a twelve month high of $148.15. The company has a current ratio of 3.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $86.99 and a 200-day simple moving average of $98.18.

Interparfums (NASDAQ:IPAR) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.89 by $0.16. The company had revenue of $429.58 million for the quarter, compared to the consensus estimate of $431.78 million. Interparfums had a net margin of 11.24% and a return on equity of 16.31%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.93 EPS. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. Analysts anticipate that Interparfums, Inc. will post 5.14 EPS for the current year.

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.