PineStone Asset Management Inc. Grows Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

PineStone Asset Management Inc. boosted its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,084 shares of the company’s stock after buying an additional 700 shares during the period. PineStone Asset Management Inc. owned approximately 0.34% of Inter Parfums worth $14,477,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IPAR. SRH Advisors LLC boosted its stake in shares of Inter Parfums by 791.7% in the fourth quarter. SRH Advisors LLC now owns 535 shares of the company’s stock valued at $70,000 after buying an additional 475 shares in the last quarter. Laurus Investment Counsel Inc. purchased a new stake in shares of Inter Parfums during the 4th quarter worth $1,140,000. OLD National Bancorp IN grew its stake in shares of Inter Parfums by 2.5% during the 4th quarter. OLD National Bancorp IN now owns 10,087 shares of the company’s stock worth $1,327,000 after purchasing an additional 246 shares during the period. Blue Trust Inc. increased its holdings in shares of Inter Parfums by 25.7% in the 4th quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $106,000 after purchasing an additional 167 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Inter Parfums by 282.6% in the fourth quarter. SG Americas Securities LLC now owns 7,506 shares of the company’s stock valued at $987,000 after purchasing an additional 5,544 shares during the period. 55.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Inter Parfums Stock Performance

NASDAQ IPAR opened at $132.76 on Friday. 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 stock has a market cap of $4.25 billion, a price-to-earnings ratio of 28.49 and a beta of 1.20. Inter Parfums, Inc. has a fifty-two week low of $108.39 and a fifty-two week high of $154.54. The business has a fifty day moving average of $135.36 and a 200-day moving average of $129.43.

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the business’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 43.90% of the stock is owned by 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.