Interparfums, Inc. $IPAR Stock Holdings Lifted by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in shares of Interparfums, Inc. (NASDAQ:IPAR) by 16.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,421 shares of the company’s stock after acquiring an additional 10,080 shares during the quarter. Public Sector Pension Investment Board owned 0.22% of Interparfums worth $7,026,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Westwood Holdings Group Inc. lifted its holdings in shares of Interparfums by 66.8% during the second quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company’s stock valued at $101,843,000 after purchasing an additional 310,712 shares during the last quarter. London Co. of Virginia acquired a new stake in Interparfums during the 2nd quarter worth about $27,647,000. Squarepoint Ops LLC lifted its stake 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 buying an additional 161,239 shares in the last quarter. Man Group plc boosted its holdings in shares of Interparfums by 572.8% in the second quarter. Man Group plc now owns 187,058 shares of the company’s stock worth $24,563,000 after buying an additional 159,254 shares during the period. Finally, Tributary Capital Management LLC increased its position in shares of Interparfums by 139.6% in the third quarter. Tributary Capital Management LLC now owns 228,520 shares of the company’s stock worth $22,482,000 after acquiring an additional 133,131 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Interparfums Trading Down 1.5%

Interparfums stock opened at $100.75 on Wednesday. Interparfums, Inc. has a 12 month low of $77.21 and a 12 month high of $148.15. The company has a quick ratio of 1.99, a current ratio of 3.27 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.23 billion, a P/E ratio of 19.72 and a beta of 1.24. The company’s fifty day simple moving average is $91.26 and its 200-day simple moving average is $96.30.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IPAR. Zacks Research upgraded shares of Interparfums from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. BWS Financial restated a “neutral” rating and issued a $85.00 target price on shares of Interparfums in a report on Thursday, January 29th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $123.00 target price on shares of Interparfums in a research report on Wednesday, November 19th. Sanford C. Bernstein raised Interparfums to a “strong-buy” rating in a research report on Tuesday, October 21st. Finally, Jefferies Financial Group began coverage on Interparfums in a research note on Wednesday, January 14th. They issued a “buy” rating and a $112.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $119.14.

Interparfums Company Profile

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.