PineStone Asset Management Inc. Trims Stake in Interparfums, Inc. $IPAR

PineStone Asset Management Inc. reduced its stake in Interparfums, Inc. (NASDAQ:IPAR) by 7.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 110,852 shares of the company’s stock after selling 8,500 shares during the period. PineStone Asset Management Inc.’s holdings in Interparfums were worth $9,404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Royal Bank of Canada boosted its position in Interparfums by 8.7% during the 1st quarter. Royal Bank of Canada now owns 55,923 shares of the company’s stock valued at $6,368,000 after acquiring an additional 4,453 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Interparfums by 61.7% in the 1st quarter. AQR Capital Management LLC now owns 2,923 shares of the company’s stock valued at $333,000 after purchasing an additional 1,115 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Interparfums by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,848 shares of the company’s stock valued at $1,235,000 after purchasing an additional 476 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Interparfums by 2.7% during the first quarter. Goldman Sachs Group Inc. now owns 138,977 shares of the company’s stock valued at $15,825,000 after purchasing an additional 3,684 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Interparfums by 36.4% during the second quarter. SG Americas Securities LLC now owns 1,656 shares of the company’s stock valued at $217,000 after purchasing an additional 442 shares in the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Interparfums Stock Up 0.4%

NASDAQ:IPAR opened at $90.84 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.99. The firm has a market cap of $2.91 billion, a P/E ratio of 17.34 and a beta of 1.21. Interparfums, Inc. has a fifty-two week low of $77.21 and a fifty-two week high of $142.61. The firm has a 50-day simple moving average of $96.47 and a two-hundred day simple moving average of $92.14.

Interparfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, February 24th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.10. Interparfums had a net margin of 11.31% and a return on equity of 15.76%. The firm had revenue of $386.18 million for the quarter, compared to the consensus estimate of $366.76 million. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The business’s revenue was up 6.8% 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 5.14 earnings per share for the current fiscal year.

Interparfums Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, March 16th. Interparfums’s payout ratio is presently 61.07%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IPAR. Zacks Research raised Interparfums from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Jefferies Financial Group initiated 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. Wall Street Zen downgraded shares of Interparfums from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Interparfums in a research report on Friday. Finally, BWS Financial reissued a “neutral” rating and set a $85.00 price target on shares of Interparfums in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.67.

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.