SG Americas Securities LLC raised its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 282.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,506 shares of the company's stock after acquiring an additional 5,544 shares during the quarter. SG Americas Securities LLC's holdings in Inter Parfums were worth $987,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in IPAR. GAMMA Investing LLC grew its position in shares of Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company's stock valued at $30,000 after acquiring an additional 81 shares during the period. Inspire Investing LLC boosted its holdings in Inter Parfums by 3.9% in the 3rd quarter. Inspire Investing LLC now owns 3,208 shares of the company's stock valued at $415,000 after purchasing an additional 120 shares during the last quarter. KBC Group NV lifted its holdings in Inter Parfums by 3.0% in the third quarter. KBC Group NV now owns 4,313 shares of the company's stock valued at $558,000 after acquiring an additional 126 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Inter Parfums by 2.5% during the 2nd quarter. Bank of Montreal Can now owns 5,924 shares of the company's stock worth $708,000 after purchasing an additional 142 shares during the period. Finally, Aurora Investment Counsel increased its position in shares of Inter Parfums by 0.8% during the third quarter. Aurora Investment Counsel now owns 19,457 shares of the company's stock valued at $2,519,000 after acquiring an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company's stock.
Insider Activity at Inter Parfums
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 can be accessed through this link. 43.90% of the stock is owned by insiders.
Analysts Set New Price Targets
Several brokerages have recently issued reports on IPAR. DA Davidson reissued a "buy" rating and set a $163.00 price target on shares of Inter Parfums in a research report on Thursday, January 23rd. Piper Sandler boosted 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, December 4th. Canaccord Genuity Group started coverage on Inter Parfums in a research report on Thursday, January 16th. They set a "buy" rating and a $158.00 target price on the stock. Finally, BWS Financial reiterated a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research note on Monday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $159.40.
Read Our Latest Research Report on IPAR
Inter Parfums Stock Down 0.9 %
Shares of NASDAQ IPAR traded down $1.29 during midday trading on Wednesday, reaching $140.03. 94,987 shares of the company's stock were exchanged, compared to its average volume of 114,188. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $156.75. The business's fifty day moving average price is $135.10 and its two-hundred day moving average price is $128.80. The stock has a market capitalization of $4.49 billion, a PE ratio of 30.05 and a beta of 1.20.
Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its earnings results 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 firm had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the company earned $1.66 earnings per share. Analysts forecast that Inter Parfums, Inc. will post 5.15 EPS for the current year.
Inter Parfums Company Profile
(
Free Report)
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.
Read More
Before you consider Inter Parfums, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Inter Parfums wasn't on the list.
While Inter Parfums currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
