Royce & Associates LP Has $57.96 Million Stake in Interparfums, Inc. $IPAR

Royce & Associates LP raised its holdings in Interparfums, Inc. (NASDAQ:IPAR) by 42.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 683,201 shares of the company’s stock after acquiring an additional 202,207 shares during the period. Interparfums comprises about 0.6% of Royce & Associates LP’s investment portfolio, making the stock its 26th largest holding. Royce & Associates LP owned about 2.13% of Interparfums worth $57,956,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Interparfums by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock valued at $183,554,000 after purchasing an additional 62,832 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Interparfums by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 702,884 shares of the company’s stock worth $69,155,000 after purchasing an additional 5,703 shares in the last quarter. State Street Corp increased its stake in Interparfums by 0.3% during the 2nd quarter. State Street Corp now owns 678,162 shares of the company’s stock worth $89,049,000 after purchasing an additional 2,311 shares in the last quarter. First Trust Advisors LP increased its stake in Interparfums by 17.2% during the 3rd quarter. First Trust Advisors LP now owns 628,349 shares of the company’s stock worth $61,817,000 after purchasing an additional 92,253 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in Interparfums by 2.0% during the 3rd quarter. Bahl & Gaynor Inc. now owns 414,670 shares of the company’s stock worth $40,795,000 after purchasing an additional 8,173 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Insider Activity at Interparfums

In other news, CEO Jean Madar sold 20,000 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $91.02, for a total transaction of $1,820,400.00. Following the completion of the transaction, the chief executive officer directly owned 7,066,341 shares in the company, valued at $643,178,357.82. This represents a 0.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 43.70% of the stock is currently owned by corporate insiders.

Interparfums Price Performance

IPAR stock opened at $92.63 on Tuesday. The stock has a 50-day moving average price of $91.51 and a two-hundred day moving average price of $90.83. The stock has a market cap of $2.97 billion, a PE ratio of 17.58 and a beta of 1.16. The company has a current ratio of 3.26, a quick ratio of 2.05 and a debt-to-equity ratio of 0.10. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $142.61.

Interparfums (NASDAQ:IPAR) last released its earnings results on Tuesday, May 5th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.21. Interparfums had a return on equity of 15.47% and a net margin of 11.32%.The firm had revenue of $344.89 million during the quarter, compared to analysts’ expectations of $345.00 million. During the same quarter in the prior year, the company earned $1.32 EPS. The company’s revenue was up 1.8% on a year-over-year basis. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Equities analysts forecast that Interparfums, Inc. will post 4.82 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on IPAR. Wall Street Zen cut Interparfums from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Interparfums in a research note on Friday, March 27th. Zacks Research upgraded Interparfums from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Finally, BWS Financial reiterated a “neutral” rating and set a $85.00 target price on shares of Interparfums in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.20.

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.