GAMMA Investing LLC Purchases 29,608 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

GAMMA Investing LLC grew its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 13,100.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 29,834 shares of the company's stock after acquiring an additional 29,608 shares during the period. GAMMA Investing LLC owned about 0.09% of Inter Parfums worth $33,970,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC grew its holdings in shares of Inter Parfums by 210.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock worth $67,000 after acquiring an additional 347 shares during the period. SRH Advisors LLC grew its holdings 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 acquiring an additional 475 shares during the period. Canada Pension Plan Investment Board grew its holdings 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 acquiring an additional 400 shares during the period. Blue Trust Inc. grew its holdings in shares of Inter Parfums by 25.7% during 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 grew its holdings in shares of Inter Parfums by 23.8% during 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 period. Hedge funds and other institutional investors own 55.57% of the company's stock.

Analyst Ratings Changes

IPAR has been the topic of several recent research reports. BWS Financial restated a "buy" rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Wednesday, May 7th. Piper Sandler restated an "overweight" rating and issued a $138.00 price target (down previously from $169.00) on shares of Inter Parfums in a research note on Thursday, April 24th. Canaccord Genuity Group upped their price target on Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, DA Davidson restated a "buy" rating and issued a $170.00 price target on shares of Inter Parfums in a research note on Tuesday, March 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.60.

Inter Parfums Stock Down 0.3%

IPAR stock traded down $0.46 during midday trading on Thursday, hitting $136.66. The company's stock had a trading volume of 161,637 shares, compared to its average volume of 188,632. The company has a market cap of $4.39 billion, a PE ratio of 29.33 and a beta of 1.33. Inter Parfums, Inc. has a 12 month low of $97.65 and a 12 month high of $148.15. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The firm's 50-day moving average is $116.57 and its 200-day moving average is $127.58.

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 (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.19. The business had revenue of $339.00 million for the quarter, compared to analysts' expectations of $329.21 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 EPS. On average, equities research analysts forecast that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Insider Activity at Inter Parfums

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was 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 can be accessed through this hyperlink. 43.90% of the stock is currently owned by insiders.

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.