GW Henssler & Associates Ltd. decreased its position in Interparfums, Inc. (NASDAQ:IPAR – Free Report) by 23.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,932 shares of the company’s stock after selling 22,841 shares during the period. GW Henssler & Associates Ltd.’s holdings in Interparfums were worth $6,187,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in Interparfums by 94.1% in the fourth quarter. BNP Paribas Financial Markets now owns 82,800 shares of the company’s stock valued at $7,024,000 after purchasing an additional 40,131 shares during the last quarter. Norges Bank purchased a new position in Interparfums in the fourth quarter valued at approximately $19,313,000. Northwestern Mutual Wealth Management Co. lifted its stake in Interparfums by 12,933.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,564 shares of the company’s stock valued at $142,000 after purchasing an additional 1,552 shares during the last quarter. Royce & Associates LP lifted its stake in Interparfums by 42.0% in the fourth quarter. Royce & Associates LP now owns 683,201 shares of the company’s stock valued at $57,956,000 after purchasing an additional 202,207 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Interparfums by 172.2% in the fourth quarter. Hantz Financial Services Inc. now owns 343 shares of the company’s stock valued at $29,000 after purchasing an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.
Interparfums Trading Down 2.1%
Shares of IPAR stock opened at $92.40 on Tuesday. 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 52-week low of $77.21 and a 52-week high of $142.61. The company has a market capitalization of $2.96 billion, a PE ratio of 17.53 and a beta of 1.16. The business’s fifty day moving average is $91.91 and its 200 day moving average is $91.04.
Insider Activity
In related news, CEO Jean Madar sold 20,000 shares of the stock in a transaction on 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 sale, the chief executive officer owned 7,066,341 shares in the company, valued at approximately $643,178,357.82. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 43.70% of the company’s stock.
Wall Street Analysts Forecast Growth
IPAR has been the topic of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Interparfums in a research report on Friday, March 27th. TD Cowen initiated coverage on Interparfums in a research report on Monday. They set a “buy” rating and a $110.00 target price on the stock. Wall Street Zen downgraded Interparfums from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Zacks Research upgraded Interparfums from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, BWS Financial restated a “neutral” rating and set a $85.00 target price on shares of Interparfums in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $106.00.
View Our Latest Report on IPAR
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.
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