New York State Teachers Retirement System Has $1.40 Million Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

New York State Teachers Retirement System trimmed its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,607 shares of the company’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in Inter Parfums were worth $1,395,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. SRH Advisors LLC boosted its stake in shares of Inter Parfums by 791.7% during the 4th quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after buying an additional 475 shares during the last quarter. Laurus Investment Counsel Inc. acquired a new position in shares of Inter Parfums during the 4th quarter worth about $1,140,000. OLD National Bancorp IN boosted its stake in shares of Inter Parfums by 2.5% during the 4th quarter. OLD National Bancorp IN now owns 10,087 shares of the company’s stock worth $1,327,000 after buying an additional 246 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Inter Parfums by 25.7% in the 4th quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $106,000 after purchasing an additional 167 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Inter Parfums by 282.6% in the 4th quarter. SG Americas Securities LLC now owns 7,506 shares of the company’s stock valued at $987,000 after purchasing an additional 5,544 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on IPAR shares. Piper Sandler upped their target price on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. BWS Financial reaffirmed a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a report on Monday, January 27th. Canaccord Genuity Group started coverage on shares of Inter Parfums in a report on Thursday, January 16th. They issued a “buy” rating and a $158.00 target price on the stock. Finally, DA Davidson reaffirmed a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Inter Parfums presently has an average rating of “Moderate Buy” and a consensus target price of $159.40.

Inter Parfums Stock Down 0.2 %

Inter Parfums stock opened at $134.27 on Monday. The stock has a market cap of $4.30 billion, a P/E ratio of 28.81 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, Inc. has a twelve month low of $108.39 and a twelve month high of $154.45. The company’s 50-day moving average price is $135.01 and its two-hundred day moving average price is $129.33.

About Inter Parfums

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.