SRH Advisors LLC Acquires 475 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

SRH Advisors LLC boosted its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 791.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 535 shares of the company’s stock after acquiring an additional 475 shares during the period. SRH Advisors LLC’s holdings in Inter Parfums were worth $70,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of 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 during the last quarter. Inspire Investing LLC grew its position in 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 acquiring an additional 120 shares in the last quarter. KBC Group NV increased its stake in Inter Parfums by 3.0% during the third quarter. KBC Group NV now owns 4,313 shares of the company’s stock worth $558,000 after acquiring an additional 126 shares during the last quarter. Aurora Investment Counsel increased its stake in Inter Parfums by 0.8% during the third quarter. Aurora Investment Counsel now owns 19,457 shares of the company’s stock worth $2,519,000 after acquiring an additional 146 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Inter Parfums by 25.7% during the fourth quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $106,000 after purchasing an additional 167 shares during the period. Institutional investors own 55.57% of the company’s stock.

Insider Transactions at Inter Parfums

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 43.90% of the company’s stock.

Analysts Set New Price Targets

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

Inter Parfums Price Performance

IPAR opened at $138.63 on Wednesday. The business has a fifty day moving average of $135.45 and a 200 day moving average of $129.34. The stock has a market cap of $4.44 billion, a P/E ratio of 29.75 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. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $156.75.

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.