Interparfums, Inc. $IPAR Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp lifted its stake in shares of Interparfums, Inc. (NASDAQ:IPAR) by 660.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,030 shares of the company’s stock after purchasing an additional 6,974 shares during the period. Fifth Third Bancorp’s holdings in Interparfums were worth $729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Deprince Race & Zollo Inc. purchased a new position in Interparfums in the 1st quarter valued at about $30,283,000. Norges Bank purchased a new stake in Interparfums during the 4th quarter worth approximately $19,313,000. Royce & Associates LP raised its holdings in shares of Interparfums by 42.0% during the fourth quarter. Royce & Associates LP now owns 683,201 shares of the company’s stock valued at $57,956,000 after acquiring an additional 202,207 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Interparfums by 823.0% during the third quarter. Millennium Management LLC now owns 205,526 shares of the company’s stock valued at $20,220,000 after acquiring an additional 183,258 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Interparfums by 249.3% in the second quarter. Squarepoint Ops LLC now owns 225,907 shares of the company’s stock valued at $29,664,000 after acquiring an additional 161,239 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Interparfums Trading Up 1.8%

Shares of Interparfums stock opened at $124.70 on Tuesday. The stock has a market cap of $3.99 billion, a P/E ratio of 23.66 and a beta of 1.13. The stock’s 50 day simple moving average is $105.88 and its 200-day simple moving average is $98.28. Interparfums, Inc. has a 1-year low of $77.21 and a 1-year high of $128.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.26 and a quick ratio of 2.05.

Interparfums (NASDAQ:IPAR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.35 EPS for the quarter, beating the consensus estimate 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 last year, the firm earned $1.32 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Analysts predict that Interparfums, Inc. will post 4.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on IPAR shares. BWS Financial reiterated a “neutral” rating and set a $85.00 price target on shares of Interparfums in a research report on Wednesday, April 22nd. Weiss Ratings upgraded Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. Canaccord Genuity Group lifted their target price on shares of Interparfums from $123.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen cut shares of Interparfums from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, TD Cowen initiated coverage on shares of Interparfums in a report on Monday, June 1st. They set a “buy” rating and a $110.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $109.00.

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.