Annex Advisory Services LLC Purchases 31,654 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Annex Advisory Services LLC raised its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 36.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,390 shares of the company’s stock after purchasing an additional 31,654 shares during the quarter. Annex Advisory Services LLC’s holdings in Inter Parfums were worth $15,569,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IPAR. WCM Investment Management LLC raised its holdings in shares of Inter Parfums by 2.9% in the third quarter. WCM Investment Management LLC now owns 193,660 shares of the company’s stock worth $24,835,000 after buying an additional 5,482 shares during the period. Algert Global LLC grew its position in Inter Parfums by 18.6% in the 2nd quarter. Algert Global LLC now owns 70,564 shares of the company’s stock valued at $8,188,000 after acquiring an additional 11,089 shares during the last quarter. Geode Capital Management LLC increased its stake in Inter Parfums by 1.2% in the third 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. Teachers Retirement System of The State of Kentucky lifted its position in shares of Inter Parfums by 50.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 23,034 shares of the company’s stock worth $2,982,000 after purchasing an additional 7,771 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Inter Parfums by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company’s stock valued at $85,384,000 after purchasing an additional 4,862 shares during the period. Institutional investors own 55.57% of the company’s stock.

Inter Parfums Stock Performance

Shares of NASDAQ:IPAR opened at $138.59 on Monday. The firm has a 50 day moving average of $132.73 and a 200 day moving average of $127.54. 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 company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 29.74 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.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm had revenue of $425.00 million during the quarter, compared to analyst estimates of $425.00 million. During the same period in the previous year, the company posted $1.66 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, sell-side analysts predict that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The stock was 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 Securities & Exchange Commission, which is available at this link. Company insiders own 43.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. BWS Financial reiterated a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Monday, November 11th. Canaccord Genuity Group assumed coverage on Inter Parfums in a report on Thursday. They set a “buy” rating and a $158.00 price objective on the stock. Finally, DA Davidson reiterated a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a report on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $159.40.

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.