Westwood Holdings Group Inc. purchased a new stake in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 354,715 shares of the company's stock, valued at approximately $46,649,000. Westwood Holdings Group Inc. owned about 1.11% of Inter Parfums as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC increased its holdings in shares of Inter Parfums by 210.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock valued at $67,000 after purchasing an additional 347 shares during the period. SRH Advisors LLC boosted its position in Inter Parfums by 791.7% in the fourth quarter. SRH Advisors LLC now owns 535 shares of the company's stock valued at $70,000 after buying an additional 475 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in Inter Parfums by 100.0% in the 4th 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. raised its position in 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 buying an additional 167 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Inter Parfums by 23.8% during the 4th quarter. Lazard Asset Management LLC now owns 1,263 shares of the company's stock valued at $166,000 after acquiring an additional 243 shares during the period. 55.57% of the stock is currently owned by hedge funds and other institutional investors.
Inter Parfums Stock Performance
Inter Parfums stock traded down $1.25 during mid-day trading on Friday, hitting $130.00. The company had a trading volume of 246,076 shares, compared to its average volume of 185,725. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. Inter Parfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15. The company's fifty day moving average is $114.18 and its 200-day moving average is $127.18. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 27.90 and a beta of 1.33.
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. The company had revenue of $339.00 million for the quarter, compared to the consensus estimate of $329.21 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. Inter Parfums's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.27 earnings per share. Equities research analysts predict that Inter Parfums, Inc. will post 5.14 EPS for the current year.
Analysts Set New Price Targets
IPAR has been the topic of a number of research reports. DA Davidson reiterated a "buy" rating and issued a $170.00 price objective on shares of Inter Parfums in a research note on Tuesday, March 25th. BWS Financial reaffirmed a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research report on Wednesday, May 7th. Piper Sandler reiterated an "overweight" rating and set a $138.00 price objective (down previously from $169.00) on shares of Inter Parfums in a research note on Thursday, April 24th. Finally, Canaccord Genuity Group upped their target price on Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $157.60.
View Our Latest Stock Analysis on Inter Parfums
Insiders Place Their Bets
In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of Inter Parfums stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through this link. 43.90% of the stock is currently owned by company insiders.
Inter Parfums Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Interparfums, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Interparfums wasn't on the list.
While Interparfums currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
