Advantage Alpha Capital Partners LP Has $3.01 Million Stake in Inter Parfums, Inc. (NASDAQ:IPAR)

Advantage Alpha Capital Partners LP trimmed its holdings in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 33.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,216 shares of the company's stock after selling 11,748 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.07% of Inter Parfums worth $3,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in IPAR. Charles Schwab Investment Management Inc. raised its position in shares of Inter Parfums by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 190,331 shares of the company's stock worth $24,644,000 after purchasing an additional 1,129 shares during the period. Intech Investment Management LLC increased its stake in Inter Parfums by 125.3% in the 3rd quarter. Intech Investment Management LLC now owns 7,479 shares of the company's stock worth $968,000 after purchasing an additional 4,160 shares in the last quarter. Aurora Investment Counsel increased its stake in Inter Parfums by 0.8% in the 3rd quarter. Aurora Investment Counsel now owns 19,457 shares of the company's stock worth $2,519,000 after purchasing an additional 146 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in Inter Parfums by 20.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 44,190 shares of the company's stock worth $5,722,000 after buying an additional 7,654 shares during the period. Finally, Royce & Associates LP lifted its stake in Inter Parfums by 0.7% during the third quarter. Royce & Associates LP now owns 595,175 shares of the company's stock valued at $77,063,000 after buying an additional 4,345 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company's stock.

Insider Activity

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of Inter Parfums stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 43.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. DA Davidson reissued a "buy" rating and issued a $163.00 target price on shares of Inter Parfums in a research report on Tuesday, November 12th. BWS Financial reaffirmed a "buy" rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Monday, November 11th. Piper Sandler cut their target price on shares of Inter Parfums from $158.00 to $155.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 13th. Finally, StockNews.com raised Inter Parfums from a "sell" rating to a "hold" rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $157.50.

Inter Parfums Stock Down 0.7 %

IPAR traded down $0.91 on Tuesday, reaching $137.48. 152,262 shares of the company traded hands, compared to its average volume of 145,369. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 29.38 and a beta of 1.16. 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 stock's 50 day moving average price is $124.31 and its 200-day moving average price is $123.09. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $156.75.

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

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.