Los Angeles Capital Management LLC boosted its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR – Free Report) by 199.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,003 shares of the company’s stock after purchasing an additional 12,656 shares during the period. Los Angeles Capital Management LLC owned approximately 0.06% of Inter Parfums worth $2,703,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Swiss National Bank raised its holdings in Inter Parfums by 1.8% during the 4th quarter. Swiss National Bank now owns 46,100 shares of the company’s stock worth $4,450,000 after buying an additional 800 shares during the period. Cookson Peirce & Co. Inc. acquired a new stake in shares of Inter Parfums during the first quarter valued at approximately $1,468,000. Quadrant Capital Group LLC lifted its position in shares of Inter Parfums by 370.6% in the 4th quarter. Quadrant Capital Group LLC now owns 673 shares of the company’s stock valued at $65,000 after acquiring an additional 530 shares in the last quarter. Biltmore Wealth Management LLC acquired a new position in Inter Parfums in the 4th quarter worth approximately $350,862,000. Finally, Jump Financial LLC purchased a new position in Inter Parfums during the 1st quarter worth approximately $3,795,000. 55.52% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
IPAR has been the subject of a number of research analyst reports. StockNews.com lowered Inter Parfums from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. DA Davidson lifted their target price on Inter Parfums from $176.00 to $187.00 and gave the company a “buy” rating in a research note on Friday, April 21st. Finally, Piper Sandler upped their target price on Inter Parfums from $170.00 to $174.00 in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Inter Parfums presently has a consensus rating of “Moderate Buy” and an average target price of $159.25.
Inter Parfums Stock Up 0.1 %
IPAR opened at $148.69 on Thursday. The company has a market capitalization of $4.76 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. The business has a 50-day moving average of $135.74 and a 200-day moving average of $134.08. Inter Parfums, Inc. has a fifty-two week low of $72.47 and a fifty-two week high of $161.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.35 and a quick ratio of 1.46.
Inter Parfums (NASDAQ:IPAR – Get Free Report) last posted its earnings results on Monday, May 8th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.39 by $0.29. The company had revenue of $311.72 million during the quarter, compared to the consensus estimate of $312.07 million. Inter Parfums had a net margin of 12.17% and a return on equity of 18.87%. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. Equities research analysts forecast that Inter Parfums, Inc. will post 4.37 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Veronique Gabai-Pinsky sold 1,000 shares of Inter Parfums stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $139.73, for a total value of $139,730.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 44.20% of the company’s stock.
Inter Parfums 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.