Burney Co. Takes $3.96 Million Position in Interparfums, Inc. $IPAR

Burney Co. purchased a new stake in Interparfums, Inc. (NASDAQ:IPAR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 43,571 shares of the company’s stock, valued at approximately $3,958,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in Interparfums by 8.7% during the 1st quarter. Royal Bank of Canada now owns 55,923 shares of the company’s stock worth $6,368,000 after purchasing an additional 4,453 shares during the last quarter. AQR Capital Management LLC boosted 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Interparfums by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,848 shares of the company’s stock worth $1,235,000 after buying an additional 476 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Interparfums by 2.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 138,977 shares of the company’s stock worth $15,825,000 after buying an additional 3,684 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Interparfums by 24.1% during the second quarter. Russell Investments Group Ltd. now owns 9,752 shares of the company’s stock worth $1,281,000 after buying an additional 1,893 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Interparfums Trading Up 1.0%

Shares of NASDAQ:IPAR opened at $122.25 on Wednesday. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 23.20 and a beta of 1.13. The company has a quick ratio of 2.05, a current ratio of 3.26 and a debt-to-equity ratio of 0.10. Interparfums, Inc. has a 12 month low of $77.21 and a 12 month high of $139.00. The company’s fifty day simple moving average is $97.44 and its 200 day simple moving average is $94.74.

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. The firm had revenue of $344.89 million during the quarter, compared to analysts’ expectations of $345.00 million. Interparfums had a return on equity of 15.47% and a net margin of 11.32%.The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. As a group, research analysts forecast that Interparfums, Inc. will post 4.82 EPS for the current fiscal year.

Analyst Ratings Changes

IPAR has been the subject of a number of recent analyst reports. BWS Financial reiterated a “neutral” rating and issued a $85.00 price objective on shares of Interparfums in a report on Wednesday, April 22nd. TD Cowen assumed coverage on Interparfums in a research report on Monday, June 1st. They set a “buy” rating and a $110.00 target price for the company. Wall Street Zen cut Interparfums from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Interparfums in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Interparfums has a consensus rating of “Moderate Buy” and a consensus price target 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.