Everstar Asset Management LLC Grows Position in Interparfums, Inc. $IPAR

Everstar Asset Management LLC grew its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR) by 153.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,634 shares of the company’s stock after acquiring an additional 6,434 shares during the quarter. Everstar Asset Management LLC’s holdings in Interparfums were worth $966,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Interparfums by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock worth $183,554,000 after buying an additional 62,832 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Interparfums by 27.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 114,625 shares of the company’s stock valued at $11,277,000 after buying an additional 24,673 shares in the last quarter. UBS Group AG raised its position in shares of Interparfums by 91.4% during the 4th quarter. UBS Group AG now owns 131,105 shares of the company’s stock valued at $11,122,000 after buying an additional 62,605 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Interparfums during the 3rd quarter worth $5,156,000. Finally, Aristotle Capital Boston LLC lifted its holdings in shares of Interparfums by 99.8% during the 3rd quarter. Aristotle Capital Boston LLC now owns 168,089 shares of the company’s stock worth $16,537,000 after acquiring an additional 83,980 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Interparfums Stock Performance

IPAR stock opened at $99.09 on Monday. The company has a market capitalization of $3.17 billion, a PE ratio of 18.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.05 and a current ratio of 3.26. Interparfums, Inc. has a one year low of $77.21 and a one year high of $139.94. The company’s 50 day moving average price is $93.38 and its two-hundred day moving average price is $92.34.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.21. Interparfums had a net margin of 11.32% and a return on equity of 15.47%. The company 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 firm’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. As a group, analysts predict that Interparfums, Inc. will post 4.82 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jean Madar sold 20,000 shares of Interparfums stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $91.02, for a total value of $1,820,400.00. Following the transaction, the chief executive officer owned 7,066,341 shares in the company, valued at approximately $643,178,357.82. The trade was a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 43.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Interparfums in a research note on Friday, March 27th. BWS Financial reaffirmed a “neutral” rating and set a $85.00 price target on shares of Interparfums in a research note on Wednesday, April 22nd. TD Cowen assumed coverage on Interparfums in a research note on Monday, June 1st. They set a “buy” rating and a $110.00 price target for the company. Finally, Wall Street Zen cut Interparfums from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. One investment 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $106.00.

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.