Fifth Third Bancorp Raises Stock Position in Interparfums, Inc. $IPAR

Fifth Third Bancorp raised its position in Interparfums, Inc. (NASDAQ:IPAR) by 660.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,030 shares of the company’s stock after purchasing an additional 6,974 shares during the quarter. Fifth Third Bancorp’s holdings in Interparfums were worth $729,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Interparfums by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,163,784 shares of the company’s stock valued at $183,554,000 after buying an additional 62,832 shares during the period. UBS Group AG grew its position in Interparfums by 91.4% in the fourth quarter. UBS Group AG now owns 131,105 shares of the company’s stock worth $11,122,000 after acquiring an additional 62,605 shares during the period. Tudor Investment Corp ET AL acquired a new stake in Interparfums during the third quarter worth $5,156,000. SG Americas Securities LLC increased its stake in Interparfums by 9,091.5% during the fourth quarter. SG Americas Securities LLC now owns 122,890 shares of the company’s stock worth $10,425,000 after acquiring an additional 121,553 shares during the last quarter. Finally, Granite Investment Partners LLC increased its stake in Interparfums by 58.3% during the first quarter. Granite Investment Partners LLC now owns 48,965 shares of the company’s stock worth $4,448,000 after acquiring an additional 18,024 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Analyst Ratings Changes

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

Interparfums Stock Up 1.8%

Shares of NASDAQ IPAR opened at $124.70 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 3.26 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $105.88 and its two-hundred day moving average is $98.28. Interparfums, Inc. has a 52-week low of $77.21 and a 52-week high of $128.62. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 23.66 and a beta of 1.13.

Interparfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.35 EPS for the quarter, topping 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 business had revenue of $344.89 million during the quarter, compared to analyst estimates of $345.00 million. During the same period last year, the business posted $1.32 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. Research analysts predict that Interparfums, Inc. will post 4.82 EPS for the current year.

Interparfums 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.