Public Employees Retirement System of Ohio Has $12.22 Million Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Public Employees Retirement System of Ohio increased its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 17.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 92,953 shares of the company's stock after purchasing an additional 13,605 shares during the period. Public Employees Retirement System of Ohio owned about 0.29% of Inter Parfums worth $12,224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IPAR. Cetera Investment Advisers raised its holdings in shares of 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 in the last quarter. Summit Investment Advisors Inc. raised its holdings in Inter Parfums by 6.8% in 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. raised its holdings in Inter Parfums by 7.3% in 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 raised its holdings in Inter Parfums by 6.1% in 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 raised its holdings in Inter Parfums by 1.9% in 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 and hedge funds own 55.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Piper Sandler restated an "overweight" rating and issued a $138.00 price target (down from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. Canaccord Genuity Group raised their price target on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research report 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 report on Tuesday, March 25th. Finally, BWS Financial restated a "buy" rating and issued a $172.00 price target on shares of Inter Parfums in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.60.

Inter Parfums Trading Up 0.1%

NASDAQ IPAR traded up $0.13 during trading on Friday, reaching $135.19. 76,351 shares of the stock traded hands, compared to its average volume of 187,015. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 29.07 and a beta of 1.33. The stock's 50-day moving average price is $115.17 and its 200 day moving average price is $127.33. 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, Inc. has a fifty-two week low of $97.65 and a fifty-two week high of $148.15.

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

Insiders Place Their Bets

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm'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 document filed with the SEC, which is available through this link. Insiders own 43.90% of the company's stock.

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.