Principal Securities Inc. Has $174,000 Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Principal Securities Inc. boosted its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,323 shares of the company’s stock after buying an additional 174 shares during the quarter. Principal Securities Inc.’s holdings in Inter Parfums were worth $174,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Inter Parfums by 5,393.6% in the third quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock valued at $47,075,000 after purchasing an additional 356,949 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Inter Parfums by 44.2% in the third quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock valued at $41,934,000 after acquiring an additional 99,316 shares during the last quarter. Annex Advisory Services LLC increased its position in shares of Inter Parfums by 36.5% in the fourth quarter. Annex Advisory Services LLC now owns 118,390 shares of the company’s stock valued at $15,569,000 after acquiring an additional 31,654 shares during the last quarter. Barclays PLC boosted its position in Inter Parfums by 293.0% during the third quarter. Barclays PLC now owns 34,689 shares of the company’s stock valued at $4,492,000 after purchasing an additional 25,862 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in Inter Parfums in the third quarter valued at approximately $3,111,000. Institutional investors and hedge funds own 55.57% of the company’s stock.

Inter Parfums Trading Up 2.7 %

Shares of Inter Parfums stock opened at $137.83 on Tuesday. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $154.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. The firm has a 50-day moving average of $135.04 and a 200-day moving average of $129.36. The stock has a market cap of $4.41 billion, a PE ratio of 29.58 and a beta of 1.20.

Wall Street Analysts Forecast Growth

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

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.