Squarepoint Ops LLC Purchases 24,528 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Squarepoint Ops LLC raised its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 541.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,056 shares of the company’s stock after purchasing an additional 24,528 shares during the quarter. Squarepoint Ops LLC owned 0.09% of Inter Parfums worth $3,371,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Corient Private Wealth LLC raised its position in Inter Parfums by 37.3% in the 4th quarter. Corient Private Wealth LLC now owns 4,522 shares of the company’s stock valued at $651,000 after buying an additional 1,229 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Inter Parfums in the fourth quarter valued at approximately $294,000. Franklin Resources Inc. lifted its position in shares of Inter Parfums by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 14,672 shares of the company’s stock worth $2,113,000 after purchasing an additional 317 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Inter Parfums by 36.5% during the fourth quarter. Allianz Asset Management GmbH now owns 14,051 shares of the company’s stock worth $2,023,000 after purchasing an additional 3,756 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its position in Inter Parfums by 57,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 575 shares of the company’s stock valued at $83,000 after purchasing an additional 574 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Inter Parfums Price Performance

NASDAQ:IPAR opened at $131.15 on Wednesday. Inter Parfums, Inc. has a 12-month low of $108.39 and a 12-month high of $156.75. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 30.22 and a beta of 1.16. The stock’s 50 day moving average price is $126.51 and its two-hundred day moving average price is $124.26. The company has a quick ratio of 1.27, a current ratio of 2.58 and a debt-to-equity ratio of 0.12.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The business had revenue of $342.00 million for the quarter, compared to analysts’ expectations of $342.00 million. During the same quarter in the prior year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts anticipate that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Insider Transactions at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 43.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. DA Davidson restated a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a research note on Friday, September 13th. Jefferies Financial Group upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Friday, July 12th. BWS Financial reiterated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research note on Thursday, August 8th. Piper Sandler reissued an “overweight” rating and issued a $151.00 price objective (up previously from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. Finally, StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Inter Parfums has a consensus rating of “Moderate Buy” and an average target price of $156.50.

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.