Monument Capital Management Invests $362,000 in Inter Parfums, Inc. (NASDAQ:IPAR)

Monument Capital Management purchased a new stake in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,752 shares of the company's stock, valued at approximately $362,000.

Several other hedge funds have also made changes to their positions in IPAR. GAMMA Investing LLC lifted its position in Inter Parfums by 55.9% in the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company's stock worth $30,000 after buying an additional 81 shares in the last quarter. SRH Advisors LLC lifted its position in Inter Parfums by 791.7% in the 4th quarter. SRH Advisors LLC now owns 535 shares of the company's stock worth $70,000 after buying an additional 475 shares in the last quarter. Blue Trust Inc. lifted its position in Inter Parfums by 83.4% in the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company's stock worth $84,000 after buying an additional 296 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in Inter Parfums in the 3rd quarter worth approximately $104,000. Finally, Principal Securities Inc. lifted its position in Inter Parfums by 15.1% in the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company's stock worth $174,000 after buying an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company's stock.

Inter Parfums Stock Up 0.3 %

Shares of IPAR traded up $0.46 during mid-day trading on Thursday, hitting $134.57. 114,414 shares of the company's stock were exchanged, compared to its average volume of 117,058. The firm has a fifty day moving average of $135.06 and a two-hundred day moving average of $129.32. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $154.54. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 28.88 and a beta of 1.20. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IPAR. Canaccord Genuity Group began coverage on shares of Inter Parfums in a research report on Thursday, January 16th. They issued a "buy" rating and a $158.00 target price for the company. DA Davidson reiterated a "buy" rating and issued a $163.00 target price on shares of Inter Parfums in a research report on Thursday, January 23rd. Piper Sandler increased their target price on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Finally, BWS Financial restated a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $159.40.

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 currently owned by company insiders.

Inter Parfums Company 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.