Versor Investments LP Increases Holdings in Interparfums, Inc. $IPAR

Versor Investments LP increased its position in shares of Interparfums, Inc. (NASDAQ:IPAR) by 234.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,526 shares of the company’s stock after purchasing an additional 7,381 shares during the quarter. Versor Investments LP’s holdings in Interparfums were worth $1,036,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of IPAR. Westwood Holdings Group Inc. lifted its stake in Interparfums by 66.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company’s stock valued at $101,843,000 after acquiring an additional 310,712 shares during the period. London Co. of Virginia purchased a new position in shares of Interparfums during the second quarter worth $27,647,000. Squarepoint Ops LLC lifted its position in Interparfums by 249.3% during the second quarter. Squarepoint Ops LLC now owns 225,907 shares of the company’s stock valued at $29,664,000 after purchasing an additional 161,239 shares during the period. Man Group plc lifted its position in Interparfums by 572.8% during the second quarter. Man Group plc now owns 187,058 shares of the company’s stock valued at $24,563,000 after purchasing an additional 159,254 shares during the period. Finally, Tributary Capital Management LLC boosted its holdings in Interparfums by 139.6% in the third quarter. Tributary Capital Management LLC now owns 228,520 shares of the company’s stock valued at $22,482,000 after purchasing an additional 133,131 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Interparfums Stock Performance

NASDAQ:IPAR opened at $100.05 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.99 and a current ratio of 3.27. The stock has a market capitalization of $3.21 billion, a PE ratio of 19.58 and a beta of 1.24. Interparfums, Inc. has a fifty-two week low of $77.21 and a fifty-two week high of $148.15. The company has a fifty day moving average of $88.94 and a two-hundred day moving average of $97.17.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. BWS Financial reiterated a “neutral” rating and set a $85.00 price objective on shares of Interparfums in a research note on Thursday, January 29th. UBS Group set a $103.00 target price on Interparfums in a report on Friday, November 21st. Berenberg Bank initiated coverage on Interparfums in a report on Friday, November 21st. They issued a “buy” rating and a $103.00 price target for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Interparfums in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Interparfums from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $119.14.

About Interparfums

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company’s core activities include fragrance creation, brand management and international logistics.