JPMorgan Chase & Co. Acquires 24,673 Shares of Interparfums, Inc. $IPAR

JPMorgan Chase & Co. raised its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR) by 27.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,625 shares of the company’s stock after purchasing an additional 24,673 shares during the quarter. JPMorgan Chase & Co. owned 0.36% of Interparfums worth $11,277,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in IPAR. Exchange Traded Concepts LLC bought a new stake in Interparfums during the 3rd quarter valued at about $34,000. First Horizon Advisors Inc. increased its position in shares of Interparfums by 71.2% during the second quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock worth $49,000 after acquiring an additional 156 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Interparfums during the second quarter valued at approximately $84,000. State of Wyoming purchased a new stake in shares of Interparfums in the second quarter valued at approximately $127,000. Finally, Laurel Wealth Advisors LLC grew its stake in Interparfums by 13,040.0% in the second quarter. Laurel Wealth Advisors LLC now owns 1,314 shares of the company’s stock worth $173,000 after purchasing an additional 1,304 shares in the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Interparfums Stock Up 1.9%

Shares of Interparfums stock opened at $95.88 on Friday. The company has a quick ratio of 1.97, a current ratio of 2.99 and a debt-to-equity ratio of 0.11. The company has a market cap of $3.07 billion, a P/E ratio of 18.30 and a beta of 1.21. The firm’s 50 day moving average price is $95.12 and its 200-day moving average price is $95.18. Interparfums, Inc. has a 52-week low of $77.21 and a 52-week high of $142.61.

Interparfums (NASDAQ:IPAR) last posted its earnings results on Tuesday, February 24th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.10. Interparfums had a net margin of 11.31% and a return on equity of 15.76%. The company had revenue of $386.18 million during the quarter, compared to analysts’ expectations of $366.76 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. Interparfums’s revenue for the quarter was up 6.8% compared to the same quarter last year. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, sell-side analysts predict that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Interparfums Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, March 16th. Interparfums’s payout ratio is 61.07%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IPAR shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $123.00 target price on shares of Interparfums in a research report on Wednesday, November 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a report on Monday, December 29th. Jefferies Financial Group began coverage on shares of Interparfums in a report on Wednesday, January 14th. They set a “buy” rating and a $112.00 target price on the stock. Berenberg Bank began coverage on shares of Interparfums in a research report on Friday, November 21st. They set a “buy” rating and a $103.00 target price on the stock. Finally, UBS Group set a $103.00 price target on shares of Interparfums in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Interparfums has a consensus rating of “Moderate Buy” and an average price target of $119.14.

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.