Inter Parfums, Inc. (NASDAQ:IPAR) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 306.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,478 shares of the company’s stock after buying an additional 4,131 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Inter Parfums were worth $636,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IPAR. Vanguard Group Inc. lifted its holdings in Inter Parfums by 1.5% in the first quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company’s stock valued at $288,718,000 after acquiring an additional 30,316 shares during the period. Bahl & Gaynor Inc. grew its position in Inter Parfums by 6.0% during the first quarter. Bahl & Gaynor Inc. now owns 252,420 shares of the company’s stock valued at $35,468,000 after buying an additional 14,245 shares during the period. Norges Bank purchased a new position in Inter Parfums in the fourth quarter valued at $32,493,000. First Trust Advisors LP raised its position in shares of Inter Parfums by 43.0% in the fourth quarter. First Trust Advisors LP now owns 201,643 shares of the company’s stock worth $29,039,000 after acquiring an additional 60,606 shares during the period. Finally, WCM Investment Management LLC boosted its stake in shares of Inter Parfums by 9.3% during the 4th quarter. WCM Investment Management LLC now owns 200,336 shares of the company’s stock worth $29,592,000 after acquiring an additional 17,079 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IPAR. Piper Sandler reaffirmed an “overweight” rating and issued a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. StockNews.com cut shares of Inter Parfums from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. BWS Financial reaffirmed a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a report on Thursday, May 9th. Jefferies Financial Group raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Friday, July 12th. Finally, DA Davidson restated a “buy” rating and set a $192.00 price target on shares of Inter Parfums in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, Inter Parfums has an average rating of “Moderate Buy” and a consensus target price of $163.75.

Inter Parfums Trading Up 1.9 %

Shares of NASDAQ IPAR traded up $2.42 during trading on Wednesday, hitting $132.70. 217,838 shares of the company were exchanged, compared to its average volume of 146,999. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.43 and a current ratio of 2.75. Inter Parfums, Inc. has a 12-month low of $108.39 and a 12-month high of $156.75. The company has a fifty day moving average price of $121.76 and a 200-day moving average price of $129.90. The firm has a market capitalization of $4.25 billion, a PE ratio of 30.02 and a beta of 1.18.

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 the consensus estimate of $1.05 by $0.09. Inter Parfums had a net margin of 10.50% and a return on equity of 15.85%. The business had revenue of $342.00 million during the quarter, compared to analysts’ expectations of $342.00 million. During the same quarter in the prior year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities research analysts expect that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Inter Parfums Profile

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.