Van Hulzen Asset Management LLC bought a new stake in Interparfums, Inc. (NASDAQ:IPAR – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,163 shares of the company’s stock, valued at approximately $1,137,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of IPAR. Hantz Financial Services Inc. raised its stake in shares of Interparfums by 172.2% during the 4th quarter. Hantz Financial Services Inc. now owns 343 shares of the company’s stock worth $29,000 after buying an additional 217 shares during the last quarter. Advisory Services Network LLC purchased a new position in Interparfums during the 3rd quarter valued at about $40,000. Global Retirement Partners LLC increased its holdings in Interparfums by 39.0% during the 4th quarter. Global Retirement Partners LLC now owns 481 shares of the company’s stock valued at $41,000 after acquiring an additional 135 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Interparfums by 34.2% during the first quarter. EverSource Wealth Advisors LLC now owns 487 shares of the company’s stock worth $44,000 after acquiring an additional 124 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in Interparfums during the fourth quarter worth about $46,000. 55.57% of the stock is currently owned by institutional investors and hedge funds.
Interparfums Price Performance
Interparfums stock opened at $116.80 on Tuesday. The stock has a market capitalization of $3.74 billion, a P/E ratio of 22.33 and a beta of 1.11. Interparfums, Inc. has a 12-month low of $77.21 and a 12-month high of $129.29. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.31 and a quick ratio of 2.00. The firm’s 50-day moving average is $116.43 and its two-hundred day moving average is $102.08.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Canaccord Genuity Group increased their price target on shares of Interparfums from $141.00 to $151.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. TD Cowen lowered Interparfums from a “buy” rating to a “hold” rating and upped their target price for the company from $110.00 to $120.00 in a research note on Monday, August 10th. BWS Financial cut Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 target price on the stock. in a report on Monday, August 17th. Finally, The Goldman Sachs Group downgraded Interparfums from a “buy” rating to a “neutral” rating and raised their price target for the stock from $110.00 to $129.00 in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $123.29.
View Our Latest Stock Analysis on IPAR
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.
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