SG Americas Securities LLC Has $987,000 Position in Inter Parfums, Inc. (NASDAQ:IPAR)

SG Americas Securities LLC boosted its holdings in Inter Parfums, Inc. (NASDAQ:IPARFree Report) by 282.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 quarter.

Several other hedge funds have also recently added to or reduced their stakes in IPAR. Annex Advisory Services LLC lifted its holdings in shares of Inter Parfums by 36.5% during the fourth quarter. Annex Advisory Services LLC now owns 118,390 shares of the company’s stock valued at $15,569,000 after acquiring an additional 31,654 shares during the period. Park Avenue Securities LLC increased its position in shares of Inter Parfums by 12.8% during the 4th quarter. Park Avenue Securities LLC now owns 2,872 shares of the company’s stock worth $378,000 after purchasing an additional 326 shares in the last quarter. GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 81 shares during the last quarter. Synovus Financial Corp boosted its position in Inter Parfums by 12.3% in the third quarter. Synovus Financial Corp now owns 4,546 shares of the company’s stock valued at $589,000 after buying an additional 499 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Inter Parfums during the third quarter worth about $259,000. Institutional investors and hedge funds own 55.57% of the company’s stock.

Inter Parfums Stock Down 1.5 %

NASDAQ:IPAR opened at $141.32 on Wednesday. The stock’s fifty day moving average price is $134.84 and its two-hundred day moving average price is $128.72. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 30.33 and a beta of 1.20. 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 quick ratio of 1.60 and a current ratio of 2.82.

Inter Parfums (NASDAQ:IPARGet Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.66 earnings per share. On average, analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Insider Transactions at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’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 value of $532,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 43.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. DA Davidson reiterated a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research note on Thursday, January 23rd. BWS Financial reissued a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Monday. Piper Sandler increased their target price on Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Canaccord Genuity Group initiated coverage on Inter Parfums in a report on Thursday, January 16th. They issued a “buy” rating and a $158.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Inter Parfums has an average rating of “Moderate Buy” and an average target price of $159.40.

Get Our Latest Analysis on Inter Parfums

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.

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Institutional Ownership by Quarter for Inter Parfums (NASDAQ:IPAR)

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