Versor Investments LP Takes $413,000 Position in Interparfums, Inc. $IPAR

Versor Investments LP bought a new stake in Interparfums, Inc. (NASDAQ:IPAR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,145 shares of the company’s stock, valued at approximately $413,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC lifted its holdings in shares of Interparfums by 29.4% in the 1st quarter. CWM LLC now owns 418 shares of the company’s stock valued at $48,000 after purchasing an additional 95 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of Interparfums in the 2nd quarter valued at about $76,000. Blue Trust Inc. lifted its holdings in shares of Interparfums by 34.6% in the 2nd quarter. Blue Trust Inc. now owns 681 shares of the company’s stock valued at $89,000 after purchasing an additional 175 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Interparfums in the 1st quarter valued at about $104,000. Finally, Northwest & Ethical Investments L.P. lifted its holdings in shares of Interparfums by 55.5% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 1,244 shares of the company’s stock valued at $141,000 after purchasing an additional 444 shares during the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Interparfums Stock Performance

NASDAQ IPAR opened at $91.25 on Thursday. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $100.62 and its two-hundred day moving average is $116.84. Interparfums, Inc. has a 12-month low of $87.46 and a 12-month high of $148.15. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 18.29 and a beta of 1.39.

Interparfums (NASDAQ:IPAR) last released its earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.11). Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The business had revenue of $333.94 million for the quarter, compared to analyst estimates of $357.58 million. During the same quarter in the previous year, the firm posted $1.14 EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. Research analysts expect that Interparfums, Inc. will post 5.14 EPS for the current year.

Wall Street Analysts Forecast Growth

IPAR has been the topic of several recent research reports. Sanford C. Bernstein upgraded Interparfums to a “strong-buy” rating in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of Interparfums in a research report on Wednesday, October 8th. Canaccord Genuity Group restated a “buy” rating and issued a $168.00 price target on shares of Interparfums in a research report on Tuesday, October 21st. BWS Financial restated a “buy” rating and issued a $172.00 price target on shares of Interparfums in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group dropped their price target on Interparfums from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Interparfums currently has an average rating of “Buy” and an average target price of $154.60.

About Interparfums

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.