7,100 Interparfums, Inc. $IPAR Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Interparfums, Inc. (NASDAQ:IPAR) by 68.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,444 shares of the company’s stock after purchasing an additional 7,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.05% of Interparfums worth $1,936,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Interparfums in the 2nd quarter valued at approximately $326,252,000. Bank of New York Mellon Corp bought a new stake in Interparfums in the 2nd quarter valued at $35,603,000. Bank of America Corp DE acquired a new stake in Interparfums in the 2nd quarter worth $31,320,000. First Trust Advisors LP grew its position in Interparfums by 19.3% in the 1st quarter. First Trust Advisors LP now owns 879,005 shares of the company’s stock worth $79,849,000 after purchasing an additional 142,223 shares during the last quarter. Finally, PDT Partners LLC bought a new position in shares of Interparfums during the 2nd quarter worth about $13,379,000. 55.57% of the stock is currently owned by institutional investors.

Interparfums Price Performance

NASDAQ:IPAR opened at $117.09 on Wednesday. The company has a 50-day moving average of $114.58 and a 200-day moving average of $104.80. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 22.92 and a beta of 1.08. Interparfums, Inc. has a 52 week low of $77.21 and a 52 week 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 earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The business had revenue of $341.04 million for the quarter, compared to analyst estimates of $341.00 million. During the same period in the previous year, the business earned $0.99 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Interparfums, Inc. will post 4.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interparfums in a research report on Friday, October 2nd. Jefferies Financial Group boosted their price target on Interparfums from $115.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. TD Cowen cut Interparfums from a “buy” rating to a “hold” rating and upped their price target for the company from $110.00 to $120.00 in a report on Monday, August 10th. Berenberg Bank downgraded Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price objective for the company. in a research report on Friday, August 14th. Finally, BWS Financial cut Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price objective on the stock. in a research report on Monday, August 17th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $123.29.

Insiders Place Their Bets

In other news, Director Veronique Gabai-Pinsky sold 900 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $116.86, for a total value of $105,174.00. Following the sale, the director directly owned 900 shares in the company, valued at approximately $105,174. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 43.60% of the company’s stock.

Interparfums Profile

Interparfums, Inc (NASDAQ: IPAR) develops, manufactures and distributes prestige fragrances and related beauty products. The company operates primarily through licensing agreements with fashion, luxury and lifestyle brands, creating perfumes, colognes, body products and other fragrance-related offerings for men and women.

Its portfolio has included internationally recognized names such as Montblanc, Jimmy Choo, Coach, Kate Spade New York, Rochas, Boucheron, Van Cleef & Arpels, Oscar de la Renta and Karl Lagerfeld, although brand relationships and licensing arrangements may change over time.