Inter Parfums, Inc. (NASDAQ:IPAR) Holdings Lifted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its stake in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,953 shares of the company's stock after buying 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.

Several other hedge funds and other institutional investors also recently modified their holdings of IPAR. Coppell Advisory Solutions LLC increased its holdings 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 last quarter. SRH Advisors LLC increased its position in Inter Parfums by 791.7% in the fourth quarter. SRH Advisors LLC now owns 535 shares of the company's stock worth $70,000 after buying an additional 475 shares during the period. Canada Pension Plan Investment Board increased its position in Inter Parfums by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock worth $105,000 after buying an additional 400 shares during the period. Blue Trust Inc. increased its holdings 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 period. Finally, Lazard Asset Management LLC increased its holdings 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 period. Institutional investors own 55.57% of the company's stock.

Analysts Set New Price Targets

IPAR has been the topic of a number of analyst reports. BWS Financial reaffirmed a "buy" rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Wednesday, May 7th. 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. Canaccord Genuity Group raised their target price on Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Piper Sandler restated an "overweight" rating and issued a $138.00 target price (down from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Inter Parfums has an average rating of "Moderate Buy" and a consensus price target of $157.60.

Inter Parfums Price Performance

Shares of NASDAQ IPAR traded down $0.06 during mid-day trading on Wednesday, reaching $133.28. 246,642 shares of the company traded hands, compared to its average volume of 186,672. Inter Parfums, Inc. has a fifty-two week low of $97.65 and a fifty-two week high of $148.15. 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 firm has a market cap of $4.28 billion, a PE ratio of 28.60 and a beta of 1.33. The stock has a fifty day simple moving average of $114.89 and a 200-day simple moving average of $127.28.

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, beating the consensus estimate 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 analysts' expectations of $329.21 million. During the same period last year, the firm earned $1.27 EPS. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts anticipate that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

Insider Transactions at Inter Parfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of Inter Parfums stock in a transaction on 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 legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 43.90% of the company's stock.

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.