Pinestone Asset Management Reduces $10M in Interparfums, Inc. ($IPAR)

Pinestone Asset Management has significantly reduced its stake in Interparfums, Inc. (NasdaqGS: IPAR), as reflected in its latest Form 13F filing with the SEC. The fund cut its holdings by 87.6%, shedding 97,151 shares during the reporting period, leaving it with 13,701 shares valued at approximately $1.39 million.

What Changed in Pinestone Asset Management's Interparfums Position

Pinestone Asset Management's recent filing shows a drastic reduction in its Interparfums position. Previously holding 110,852 shares, the fund now owns 13,701 shares, marking a decrease of 87.6%. The value of these holdings stands at about $1.39 million, indicating a significant reduction in its investment.

Other Institutional Activity in Interparfums

Other institutional investors have also adjusted their positions in Interparfums. BlackRock, Inc. added 24,044 shares, bringing its total to 2,734,415 shares worth approximately $248.39 million. Morgan Stanley reduced its stake by 65,128 shares, ending with 1,314,165 shares valued at $119.38 million. Vanguard Portfolio Management LLC made a substantial addition, increasing its holdings by 1,265,390 shares to a total of 1,265,390 shares valued at about $114.95 million. Meanwhile, First Trust Advisors LP grew its position by 142,223 shares to 879,005 shares, valued at $79.85 million.

Interparfums, Inc. Stock Snapshot

Shares of Interparfums, Inc. (NasdaqGS: IPAR) recently traded near $101.78. The company has a market capitalization of approximately $3.26 billion and a P/E ratio of 19.31. With a beta of 1.181, the stock has experienced a 52-week low of $77.21 and a high of $140.73. Its 50-day moving average is $92.52, and the 200-day moving average is $93.57.

Recent Earnings

Interparfums reported revenue of about $1.49 billion, with a year-over-year growth rate of 1.8%. The company achieved an EPS of $5.27, a net margin of 11.3%, and a return on equity of 19.8%. The next earnings report is expected on August 4, 2026.

Dividend

Interparfums offers an annual dividend rate of $3.20, yielding 3.14%. The dividend payout ratio is 60.72%, indicating the portion of earnings paid out as dividends to shareholders.

Insider Buying and Selling at Interparfums, Inc.

Recent insider activity at Interparfums includes CEO Jean Madar selling 20,000 shares at an average price of $91.02 on April 2, 2026. Additionally, François Heilbronn made multiple transactions on January 23, 2026, buying and selling 1,500 shares at an average price of $62.18.

Analysts Set New Price Targets

On June 1, 2026, TD Cowen initiated coverage of Interparfums with a "buy" rating and a $110 price target. BWS Financial maintained a "hold" rating with an $85 target on April 22, 2026. Jefferies assumed coverage with a "buy" rating and a $112 target on January 14, 2026. The consensus among analysts is a "strong buy" with an average target price of $109.33 based on six opinions.

About Interparfums, Inc.

Interparfums, Inc., headquartered in New York, is a leading manufacturer and distributor of fragrances and related products. The company operates through European and United States segments, offering products under well-known brands like Jimmy Choo, Coach, and Montblanc. Founded in 1982, the company employs about 662 people and is led by CEO Jean Madar.

Bottom Line

Pinestone Asset Management's significant reduction in its Interparfums holding reflects a strategic shift, though the reasons behind it are not disclosed. Interparfums continues to draw interest from other institutional investors, with some increasing their stakes. While 13F filings provide a historical view of fund positions, they may not represent current holdings.