Holocene Advisors LP Takes Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Holocene Advisors LP bought a new position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,650 shares of the company's stock, valued at approximately $732,000.

A number of other hedge funds also recently modified their holdings of IPAR. CWM LLC increased its position in Inter Parfums by 44.4% during the second quarter. CWM LLC now owns 286 shares of the company's stock worth $33,000 after acquiring an additional 88 shares during the period. Commonwealth Equity Services LLC increased its stake in Inter Parfums by 2.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company's stock worth $390,000 after acquiring an additional 92 shares during the period. Louisiana State Employees Retirement System raised its holdings in Inter Parfums by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company's stock valued at $1,044,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Inter Parfums by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 5,378 shares of the company's stock valued at $624,000 after acquiring an additional 105 shares during the period. Finally, Inspire Investing LLC increased its position in shares of Inter Parfums by 3.9% in the third quarter. Inspire Investing LLC now owns 3,208 shares of the company's stock worth $415,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 55.57% of the company's stock.

Insiders Place Their Bets

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm's 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 SEC, which is available through the SEC website. 43.90% of the stock is currently owned by corporate insiders.

Inter Parfums Trading Down 0.3 %

NASDAQ IPAR traded down $0.40 during trading hours on Friday, reaching $136.46. The company's stock had a trading volume of 99,412 shares, compared to its average volume of 155,174. Inter Parfums, Inc. has a 52 week low of $108.39 and a 52 week high of $156.75. 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 has a market cap of $4.37 billion, a P/E ratio of 29.28 and a beta of 1.20. The firm has a fifty day simple moving average of $127.17 and a 200-day simple moving average of $124.11.

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

Analyst Ratings Changes

Several brokerages have recently commented on IPAR. DA Davidson restated a "buy" rating and issued a $163.00 target price on shares of Inter Parfums in a research report on Tuesday, December 3rd. Piper Sandler upped their target price on Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, BWS Financial reissued a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Inter Parfums has a consensus rating of "Moderate Buy" and a consensus target price of $159.75.

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.