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

SRH Advisors LLC raised its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 791.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 535 shares of the company’s stock after purchasing an additional 475 shares during the quarter. SRH Advisors LLC’s holdings in Inter Parfums were worth $70,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Inter Parfums by 0.3% in the third quarter. State Street Corp now owns 676,253 shares of the company’s stock worth $87,561,000 after buying an additional 2,255 shares during the last quarter. Royce & Associates LP raised its position in Inter Parfums by 0.7% in the third quarter. Royce & Associates LP now owns 595,175 shares of the company’s stock worth $77,063,000 after acquiring an additional 4,345 shares during the period. Geode Capital Management LLC raised its position 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 acquiring an additional 5,056 shares during the period. Victory Capital Management Inc. grew its position in shares of Inter Parfums by 5,393.6% during the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock valued at $47,075,000 after acquiring an additional 356,949 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Inter Parfums by 44.2% in the 3rd quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock worth $41,934,000 after purchasing an additional 99,316 shares during the period. Hedge funds and other 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 dated 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 accessible through this hyperlink. Insiders own 43.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on IPAR shares. Canaccord Genuity Group began coverage on Inter Parfums in a research note on Thursday, January 16th. They issued a “buy” rating and a $158.00 price objective on the stock. Piper Sandler lifted their price target 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. DA Davidson reissued a “buy” rating and issued a $163.00 price objective on shares of Inter Parfums in a research note on Thursday, January 23rd. Finally, BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Inter Parfums has an average rating of “Moderate Buy” and a consensus target price of $159.40.

Inter Parfums Trading Up 2.5 %

IPAR stock opened at $138.63 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $156.75. The business has a 50 day simple moving average of $135.45 and a two-hundred day simple moving average of $129.34. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 29.75 and a beta of 1.20.

About Inter Parfums

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.