Jefferies Financial Group Inc. Purchases New Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Jefferies Financial Group Inc. bought a new stake in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,214 shares of the company's stock, valued at approximately $1,606,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Cetera Investment Advisers increased its holdings in Inter Parfums by 1.7% during the 4th quarter. Cetera Investment Advisers now owns 5,796 shares of the company's stock valued at $762,000 after purchasing an additional 96 shares during the period. Summit Investment Advisors Inc. grew its holdings in shares of Inter Parfums by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,907 shares of the company's stock worth $251,000 after acquiring an additional 121 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Inter Parfums by 7.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company's stock worth $239,000 after acquiring an additional 124 shares during the period. Sherbrooke Park Advisers LLC grew its holdings in shares of Inter Parfums by 6.1% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 2,249 shares of the company's stock worth $296,000 after acquiring an additional 130 shares during the period. Finally, Level Four Advisory Services LLC grew its holdings in shares of Inter Parfums by 1.9% during the 4th quarter. Level Four Advisory Services LLC now owns 8,101 shares of the company's stock worth $1,065,000 after acquiring an additional 154 shares during the period. Institutional investors own 55.57% of the company's stock.

Insider Activity at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total transaction of $183,225.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 43.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

IPAR has been the topic of several recent research reports. 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. 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. 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $157.60.

Inter Parfums Stock Performance

Shares of NASDAQ:IPAR traded up $0.10 during midday trading on Monday, hitting $136.32. The company had a trading volume of 162,328 shares, compared to its average volume of 188,573. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 29.25 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 fifty day moving average of $115.87 and a two-hundred day moving average of $127.45.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $1.32 earnings per share (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 business had revenue of $339.00 million during the quarter, compared to analyst estimates of $329.21 million. During the same quarter in the prior year, the business posted $1.27 EPS. Inter Parfums's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

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.