Annex Advisory Services LLC Acquires 32,177 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Annex Advisory Services LLC raised its stake 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 (SEC). The fund owned 150,567 shares of the company's stock after purchasing an additional 32,177 shares during the period. Annex Advisory Services LLC owned 0.47% of Inter Parfums worth $17,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC lifted its holdings in shares of Inter Parfums by 210.3% during 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 increased its position in shares of Inter Parfums by 791.7% during the fourth quarter. SRH Advisors LLC now owns 535 shares of the company's stock worth $70,000 after purchasing an additional 475 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Inter Parfums by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock valued at $105,000 after buying an additional 400 shares in the last quarter. Blue Trust Inc. increased 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 last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Inter Parfums by 23.8% in the 4th quarter. Lazard Asset Management LLC now owns 1,263 shares of the company's stock worth $166,000 after acquiring an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company's stock.

Inter Parfums Stock Up 0.9%

Shares of IPAR stock traded up $1.27 during trading hours on Friday, reaching $137.93. The company had a trading volume of 128,274 shares, compared to its average volume of 189,391. 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, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The company has a market capitalization of $4.43 billion, a P/E ratio of 29.60 and a beta of 1.40. The stock's fifty day simple moving average is $117.51 and its 200 day simple moving average is $127.73.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.19. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $339.00 million for the quarter, compared to the consensus estimate of $329.21 million. During the same quarter last year, the business posted $1.27 EPS. Inter Parfums's quarterly revenue was up 4.6% compared to the same quarter last year. As a group, sell-side analysts expect that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total value of $183,225.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 43.90% of the stock is owned by insiders.

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.