Jefferies Financial Group Inc. Buys New Shares in Inter Parfums, Inc. (NASDAQ:IPAR)

Jefferies Financial Group Inc. bought a new position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,214 shares of the company's stock, valued at approximately $1,606,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC raised its stake in shares of Inter Parfums by 210.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock valued at $67,000 after acquiring an additional 347 shares during the period. SRH Advisors LLC lifted its position in Inter Parfums by 791.7% in the 4th quarter. SRH Advisors LLC now owns 535 shares of the company's stock valued at $70,000 after purchasing an additional 475 shares during the last quarter. Canada Pension Plan Investment Board lifted its position 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 purchasing an additional 400 shares during the last quarter. Blue Trust Inc. lifted its position in 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 during the last quarter. Finally, Lazard Asset Management LLC raised its position 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 buying an additional 243 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IPAR. Piper Sandler reiterated an "overweight" rating and set a $138.00 price objective (down from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. 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. BWS Financial reaffirmed a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Wednesday, May 7th. Finally, Canaccord Genuity Group upped their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $157.60.

Inter Parfums Stock Performance

Shares of IPAR stock traded up $0.95 during midday trading on Friday, hitting $136.01. 294,697 shares of the company were exchanged, compared to its average volume of 188,311. The firm's 50 day moving average price is $115.52 and its two-hundred day moving average price is $127.39. Inter Parfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15. The firm has a market capitalization of $4.37 billion, a P/E ratio of 29.19 and a beta of 1.33. 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 (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.19. The business had revenue of $339.00 million for the quarter, compared to analyst estimates of $329.21 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $1.27 EPS. As a group, equities research analysts anticipate that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business's stock in a transaction dated 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 can be accessed through the SEC website. 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.