Annex Advisory Services LLC Has $17.15 Million Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Annex Advisory Services LLC raised its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 27.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,567 shares of the company's stock after purchasing an additional 32,177 shares during the quarter. Annex Advisory Services LLC owned about 0.47% of Inter Parfums worth $17,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IPAR. Coppell Advisory Solutions LLC lifted its holdings in Inter Parfums by 210.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock worth $67,000 after purchasing an additional 347 shares during the period. SRH Advisors LLC raised its position in shares of Inter Parfums by 791.7% during the 4th quarter. SRH Advisors LLC now owns 535 shares of the company's stock worth $70,000 after buying an additional 475 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Inter Parfums by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock worth $105,000 after buying an additional 400 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Inter Parfums by 25.7% in the 4th quarter. Blue Trust Inc. now owns 818 shares of the company's stock worth $106,000 after acquiring an additional 167 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of Inter Parfums by 23.8% in the fourth quarter. Lazard Asset Management LLC now owns 1,263 shares of the company's stock valued at $166,000 after acquiring an additional 243 shares in the last quarter. Institutional investors own 55.57% of the company's stock.

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of Inter Parfums stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total transaction of $183,225.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 43.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on IPAR shares. Canaccord Genuity Group boosted their target price on Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. BWS Financial reiterated a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research report on Wednesday, May 7th. Piper Sandler restated an "overweight" rating and issued a $138.00 price objective (down previously from $169.00) on shares of Inter Parfums in a report on Thursday, April 24th. Finally, DA Davidson reaffirmed a "buy" rating and set a $170.00 target price on shares of Inter Parfums in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $157.60.

Inter Parfums Price Performance

Inter Parfums stock traded up $1.27 during mid-day trading on Friday, hitting $137.93. The company's stock had a trading volume of 128,274 shares, compared to its average volume of 188,720. The stock has a market capitalization of $4.43 billion, a P/E ratio of 29.60 and a beta of 1.40. Inter Parfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The stock's fifty day moving average price is $117.03 and its two-hundred day moving average price is $127.66. 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 (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.19. The business had revenue of $339.00 million during the quarter, compared to analyst estimates of $329.21 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company's revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $1.27 EPS. Research analysts forecast that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

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.