The Manufacturers Life Insurance Company Invests $1.04 Million in Interparfums, Inc. $IPAR

The Manufacturers Life Insurance Company bought a new stake in Interparfums, Inc. (NASDAQ:IPAR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,260 shares of the company’s stock, valued at approximately $1,036,000.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Interparfums in the 2nd quarter worth approximately $326,252,000. Deprince Race & Zollo Inc. purchased a new stake in shares of Interparfums during the first quarter valued at approximately $30,283,000. Bank of New York Mellon Corp bought a new position in shares of Interparfums in the second quarter worth approximately $35,603,000. Norges Bank purchased a new position in shares of Interparfums in the fourth quarter worth $19,313,000. Finally, Royce & Associates LP increased its stake in shares of Interparfums by 42.0% in the fourth quarter. Royce & Associates LP now owns 683,201 shares of the company’s stock worth $57,956,000 after buying an additional 202,207 shares during the period. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Interparfums Trading Up 2.4%

NASDAQ IPAR opened at $116.69 on Friday. Interparfums, Inc. has a 12 month low of $77.21 and a 12 month high of $129.29. The company has a current ratio of 3.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average price is $119.25 and its 200-day moving average price is $103.06. The stock has a market cap of $3.74 billion, a P/E ratio of 22.31 and a beta of 1.12.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.95. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The company had revenue of $341.04 million during the quarter, compared to analyst estimates of $341.00 million. During the same period in the previous year, the business earned $0.99 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. As a group, equities analysts forecast that Interparfums, Inc. will post 4.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on IPAR shares. Jefferies Financial Group raised their price target on shares of Interparfums from $115.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. The Goldman Sachs Group lowered Interparfums from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $110.00 to $129.00 in a research report on Monday, August 10th. Berenberg Bank lowered Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price target for the company. in a research note on Friday, August 14th. BWS Financial downgraded shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price objective on the stock. in a research report on Monday, August 17th. Finally, Weiss Ratings upgraded shares of Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $123.29.

Insider Transactions at Interparfums

In other news, Director Veronique Gabai-Pinsky sold 900 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $116.86, for a total transaction of $105,174.00. Following the completion of the sale, the director owned 900 shares of the company’s stock, valued at $105,174. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 43.60% of the company’s stock.

About Interparfums

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.