GAMMA Investing LLC Purchases 81 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

GAMMA Investing LLC boosted its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 55.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 226 shares of the company’s stock after acquiring an additional 81 shares during the period. GAMMA Investing LLC’s holdings in Inter Parfums were worth $30,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its position in shares of Inter Parfums by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company’s stock valued at $390,000 after purchasing an additional 92 shares in the last quarter. Victory Capital Management Inc. increased its stake in Inter Parfums by 4.2% in the 2nd quarter. Victory Capital Management Inc. now owns 6,618 shares of the company’s stock valued at $768,000 after buying an additional 265 shares during the last quarter. Choreo LLC bought a new position in shares of Inter Parfums during the 2nd quarter worth approximately $213,000. Texas Permanent School Fund Corp boosted its stake in shares of Inter Parfums by 26.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 19,802 shares of the company’s stock worth $2,298,000 after buying an additional 4,128 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Inter Parfums by 50.1% in the second quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock valued at $36,846,000 after acquiring an additional 106,044 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Insider Buying and Selling

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 43.90% of the stock is currently owned by company insiders.

Inter Parfums Stock Performance

NASDAQ IPAR opened at $131.18 on Wednesday. The company has a 50-day simple moving average of $132.19 and a two-hundred day simple moving average of $127.08. Inter Parfums, Inc. has a 12-month low of $108.39 and a 12-month high of $156.75. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 28.15 and a beta of 1.20. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. During the same quarter in the previous year, the company earned $1.66 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities analysts forecast that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Piper Sandler boosted their price objective on Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Monday, November 11th. Finally, DA Davidson restated a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Inter Parfums currently has an average rating of “Moderate Buy” and an average target price of $159.75.

Inter Parfums Company Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.