2,916,610 Shares in Interparfums, Inc. $IPAR Purchased by BlackRock Inc.

BlackRock Inc. acquired a new stake in Interparfums, Inc. (NASDAQ:IPAR) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,916,610 shares of the company’s stock, valued at approximately $326,252,000. BlackRock Inc. owned approximately 0.09% of Interparfums at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of IPAR. Oregon Public Employees Retirement Fund boosted its holdings in shares of Interparfums by 2.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,204 shares of the company’s stock valued at $357,000 after purchasing an additional 100 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Interparfums by 1.6% in the 2nd quarter. Osaic Holdings Inc. now owns 6,583 shares of the company’s stock worth $865,000 after buying an additional 106 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Interparfums by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 3,564 shares of the company’s stock worth $302,000 after buying an additional 107 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Interparfums by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,642 shares of the company’s stock worth $224,000 after buying an additional 110 shares in the last quarter. Finally, State of Wyoming grew its position in shares of Interparfums by 23.0% during the 4th quarter. State of Wyoming now owns 600 shares of the company’s stock worth $51,000 after buying an additional 112 shares in the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Interparfums Stock Performance

IPAR stock opened at $116.67 on Thursday. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 22.31 and a beta of 1.11. The firm has a 50-day simple moving average of $117.16 and a two-hundred day simple moving average of $102.31. Interparfums, Inc. has a one year low of $77.21 and a one year high of $129.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.00 and a current ratio of 3.31.

Interparfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. The firm had revenue of $341.04 million for the quarter, compared to the consensus estimate of $341.00 million. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. Interparfums has set its FY 2026 guidance at 4.850-4.850 EPS. On average, equities analysts forecast that Interparfums, Inc. will post 4.85 EPS for the current fiscal year.

Analyst Ratings Changes

IPAR has been the subject of a number of research reports. Weiss Ratings raised shares of Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group boosted their price target on shares of Interparfums from $141.00 to $151.00 and gave the company a “buy” rating in a report on Thursday, July 30th. BWS Financial downgraded shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price objective on the stock. in a research note on Monday, August 17th. Berenberg Bank lowered shares of Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a report on Friday, August 14th. Finally, TD Cowen downgraded shares of Interparfums from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $110.00 to $120.00 in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Interparfums presently has a consensus rating of “Hold” and a consensus target price of $123.29.

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.