Russell Investments Group Ltd. lifted its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 23.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,367 shares of the company’s stock after purchasing an additional 29,043 shares during the quarter. Russell Investments Group Ltd. owned about 0.49% of Inter Parfums worth $7,310,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of Inter Parfums by 72.6% during the fourth quarter. Advisor Group Inc. now owns 887 shares of the company’s stock worth $64,000 after purchasing an additional 373 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Inter Parfums by 23.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,228 shares of the company’s stock worth $89,000 after purchasing an additional 234 shares during the last quarter. Smithfield Trust Co. boosted its holdings in shares of Inter Parfums by 100.0% during the first quarter. Smithfield Trust Co. now owns 3,376 shares of the company’s stock worth $156,000 after purchasing an additional 1,688 shares during the last quarter. PEAK6 Investments LLC acquired a new stake in shares of Inter Parfums during the fourth quarter worth $205,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Inter Parfums during the fourth quarter worth $226,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

NASDAQ:IPAR opened at $43.24 on Friday. The business’s 50-day moving average is $43.86 and its two-hundred day moving average is $61.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.66 and a quick ratio of 2.49. Inter Parfums, Inc. has a 12 month low of $34.20 and a 12 month high of $81.40. The firm has a market capitalization of $1.37 billion, a PE ratio of 26.59 and a beta of 0.90.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Monday, May 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.09). Inter Parfums had a net margin of 7.56% and a return on equity of 8.57%. The company had revenue of $144.82 million during the quarter, compared to analysts’ expectations of $157.85 million. During the same period last year, the business earned $0.60 earnings per share. The company’s revenue for the quarter was down 18.7% compared to the same quarter last year. Equities analysts anticipate that Inter Parfums, Inc. will post 1.02 EPS for the current year.

Several equities research analysts have recently issued reports on the company. Raymond James cut Inter Parfums from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 13th. BidaskClub raised Inter Parfums from a “strong sell” rating to a “sell” rating in a research report on Friday, March 20th. Oppenheimer raised Inter Parfums from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $29.00 to $36.00 in a research report on Wednesday, May 13th. Citigroup cut their target price on Inter Parfums from $76.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. Finally, TheStreet lowered Inter Parfums from a “b-” rating to a “c+” rating in a research report on Thursday, April 9th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.50.

Inter Parfums Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.

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Institutional Ownership by Quarter for Inter Parfums (NASDAQ:IPAR)

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