Inter Parfums, Inc. (NASDAQ:IPAR) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,872 shares of the company’s stock after buying an additional 326 shares during the period. Park Avenue Securities LLC’s holdings in Inter Parfums were worth $378,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IPAR. GAMMA Investing LLC raised its position in Inter Parfums by 55.9% in the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after acquiring an additional 81 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Inter Parfums by 83.4% during the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after purchasing an additional 296 shares during the period. Northwest & Ethical Investments L.P. purchased a new position in shares of Inter Parfums in the 3rd quarter valued at about $104,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Inter Parfums in the third quarter valued at about $209,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in Inter Parfums during the third quarter worth about $233,000. 55.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on IPAR. DA Davidson reaffirmed a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a report on Thursday. Piper Sandler raised their price objective on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. BWS Financial reiterated a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a research report on Monday, November 11th. 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 target for the company. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Inter Parfums currently has an average rating of “Moderate Buy” and an average target price of $159.40.

Inter Parfums Stock Performance

Shares of NASDAQ IPAR opened at $140.91 on Friday. The company has a 50-day simple moving average of $134.15 and a 200-day simple moving average of $128.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The company has a market cap of $4.51 billion, a PE ratio of 30.24 and a beta of 1.20. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $156.75.

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

Insider Buying and Selling

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 43.90% of the stock is currently owned by company insiders.

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.