Man Group plc Makes New $5.90 Million Investment in Interparfums, Inc. $IPAR

by · The Markets Daily

Man Group plc acquired a new position in Interparfums, Inc. (NASDAQ:IPAR – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 52,748 shares of the company’s stock, valued at approximately $5,900,000.

A number of other hedge funds also recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its position in shares of Interparfums by 172.2% in the 4th quarter. Hantz Financial Services Inc. now owns 343 shares of the company’s stock worth $29,000 after acquiring an additional 217 shares in the last quarter. Advisory Services Network LLC bought a new stake in Interparfums during the third quarter valued at about $40,000. Global Retirement Partners LLC boosted its position in Interparfums by 39.0% during the fourth quarter. Global Retirement Partners LLC now owns 481 shares of the company’s stock valued at $41,000 after purchasing an additional 135 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Interparfums by 34.2% in the first quarter. EverSource Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $44,000 after purchasing an additional 124 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new position in Interparfums in the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Insider Activity at Interparfums

In other Interparfums 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 value of $105,174.00. Following the transaction, the director owned 900 shares in the company, valued at approximately $105,174. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 43.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Canaccord Genuity Group increased their target price on shares of Interparfums from $141.00 to $151.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. BWS Financial lowered shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price target on the stock. in a report on Monday, August 17th. TD Cowen downgraded Interparfums from a “buy” rating to a “hold” rating and upped their price target for the stock from $110.00 to $120.00 in a research report on Monday, August 10th. Weiss Ratings upgraded Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. Finally, Jefferies Financial Group raised their price objective on Interparfums from $115.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $123.29.

Read Our Latest Stock Analysis on IPAR

Interparfums Stock Up 0.4%

Shares of IPAR opened at $117.78 on Friday. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 22.52 and a beta of 1.11. Interparfums, Inc. has a 52 week low of $77.21 and a 52 week high of $129.29. The stock’s 50-day moving average price is $117.89 and its 200-day moving average price is $102.52. The company has a quick ratio of 2.00, a current ratio of 3.31 and a debt-to-equity ratio of 0.09.

Interparfums (NASDAQ:IPAR – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The firm had revenue of $341.04 million for the quarter, compared to the consensus estimate of $341.00 million. During the same period in the prior year, the firm posted $0.99 earnings per share. The firm’s quarterly revenue 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, sell-side analysts predict that Interparfums, Inc. will post 4.85 EPS for the current year.

About Interparfums

(Free Report)

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.

See Also

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