Legal & General Group Plc Purchases New Position in Interparfums, Inc. $IPAR

Legal & General Group Plc purchased a new position in shares of Interparfums, Inc. (NASDAQ:IPAR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 43,453 shares of the company’s stock, valued at approximately $4,861,000. Legal & General Group Plc owned approximately 0.14% of Interparfums as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in Interparfums during the second quarter worth approximately $326,252,000. Deprince Race & Zollo Inc. acquired a new stake in Interparfums during the first quarter worth about $30,283,000. Bank of New York Mellon Corp bought a new position in Interparfums during the second quarter valued at about $35,603,000. Norges Bank bought a new position in Interparfums during the fourth quarter valued at about $19,313,000. Finally, Royce & Associates LP raised its holdings in Interparfums by 42.0% in the 4th quarter. Royce & Associates LP now owns 683,201 shares of the company’s stock valued at $57,956,000 after acquiring an additional 202,207 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IPAR has been the subject of a number of research reports. Weiss Ratings upgraded Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. TD Cowen lowered Interparfums from a “buy” rating to a “hold” rating and upped their target price for the company from $110.00 to $120.00 in a research note on Monday, August 10th. Berenberg Bank cut Interparfums from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a research report on Friday, August 14th. BWS Financial downgraded shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price target on the stock. in a research note on Monday, August 17th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $123.29.

Interparfums Price Performance

Interparfums stock opened at $114.01 on Friday. The company has a current ratio of 3.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.65 billion, a P/E ratio of 21.80 and a beta of 1.12. The business has a 50-day moving average of $119.08 and a 200-day moving average of $102.97. Interparfums, Inc. has a 1 year low of $77.21 and a 1 year high of $129.29.

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

Insider Buying and Selling at Interparfums

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $116.86, for a total transaction of $105,174.00. Following the sale, the director owned 900 shares of the company’s stock, valued at $105,174. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 43.60% of the stock is currently owned by company insiders.

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.