Tudor Investment Corp ET AL acquired a new position in Interparfums, Inc. (NASDAQ:IPAR – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 52,407 shares of the company’s stock, valued at approximately $5,156,000. Tudor Investment Corp ET AL owned approximately 0.16% of Interparfums at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of IPAR. Advisory Services Network LLC bought a new stake in Interparfums during the third quarter valued at about $40,000. Armistice Capital LLC purchased a new position in shares of Interparfums during the 3rd quarter valued at about $993,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Interparfums by 2.5% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 15,906 shares of the company’s stock valued at $1,594,000 after acquiring an additional 395 shares during the period. Caxton Associates LLP bought a new position in shares of Interparfums during the 3rd quarter valued at approximately $257,000. Finally, PharVision Advisers LLC purchased a new stake in Interparfums in the 3rd quarter worth approximately $312,000. 55.57% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have weighed in on IPAR shares. Zacks Research upgraded shares of Interparfums from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a research report on Monday, December 29th. Jefferies Financial Group started coverage on shares of Interparfums in a research note on Wednesday, January 14th. They set a “buy” rating and a $112.00 target price on the stock. BWS Financial reiterated a “neutral” rating and issued a $85.00 price target on shares of Interparfums in a research note on Thursday, January 29th. Finally, Wall Street Zen raised Interparfums from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.67.
Interparfums Trading Down 0.6%
Interparfums stock opened at $90.13 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.99 and a quick ratio of 1.97. The firm’s 50 day moving average price is $96.43 and its 200-day moving average price is $92.83. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $142.61. The stock has a market cap of $2.89 billion, a P/E ratio of 17.20 and a beta of 1.21.
Interparfums (NASDAQ:IPAR – Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.10. The company had revenue of $386.18 million during the quarter, compared to analysts’ expectations of $366.76 million. Interparfums had a net margin of 11.31% and a return on equity of 15.76%. Interparfums’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted $0.82 earnings per share. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, equities analysts predict that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.
Interparfums Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, March 16th. Interparfums’s payout ratio is 61.07%.
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.
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