Inter Parfums, Inc. (NASDAQ:IPAR) Shares Acquired by PineStone Asset Management Inc.

PineStone Asset Management Inc. boosted its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,084 shares of the company’s stock after purchasing an additional 700 shares during the period. PineStone Asset Management Inc.’s holdings in Inter Parfums were worth $14,477,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp raised its holdings in Inter Parfums by 0.3% in the third quarter. State Street Corp now owns 676,253 shares of the company’s stock valued at $87,561,000 after buying an additional 2,255 shares during the period. Royce & Associates LP lifted its holdings in shares of Inter Parfums by 0.7% during the 3rd quarter. Royce & Associates LP now owns 595,175 shares of the company’s stock valued at $77,063,000 after acquiring an additional 4,345 shares in the last quarter. Geode Capital Management LLC boosted its position in Inter Parfums by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock worth $56,481,000 after purchasing an additional 5,056 shares during the period. Victory Capital Management Inc. increased its holdings in Inter Parfums by 5,393.6% in the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock valued at $47,075,000 after purchasing an additional 356,949 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Inter Parfums by 44.2% in the third quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock valued at $41,934,000 after purchasing an additional 99,316 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Inter Parfums Stock Performance

Shares of IPAR opened at $132.76 on Friday. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $154.54. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 28.49 and a beta of 1.20. The business’s 50 day moving average is $135.36 and its two-hundred day moving average is $129.43.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IPAR. BWS Financial reaffirmed a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research report on Monday, January 27th. DA Davidson reaffirmed a “buy” rating and issued a $163.00 price objective on shares of Inter Parfums in a research report on Thursday, January 23rd. Piper Sandler boosted 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, Canaccord Genuity Group assumed coverage on shares of Inter Parfums in a report on Thursday, January 16th. They set a “buy” rating and a $158.00 price target for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $159.40.

Insider Activity at Inter Parfums

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 43.90% of the stock is currently owned by corporate 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.