Squarepoint Ops LLC raised its position in Interparfums, Inc. (NASDAQ:IPAR – Free Report) by 1,450.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 52,702 shares of the company’s stock after acquiring an additional 49,302 shares during the period. Squarepoint Ops LLC’s holdings in Interparfums were worth $5,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in IPAR. Oregon Public Employees Retirement Fund grew its stake in shares of Interparfums by 2.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,204 shares of the company’s stock worth $357,000 after acquiring an additional 100 shares during the period. Osaic Holdings Inc. raised its stake in Interparfums by 1.6% in the 2nd quarter. Osaic Holdings Inc. now owns 6,583 shares of the company’s stock valued at $865,000 after acquiring an additional 106 shares during the period. ProShare Advisors LLC lifted its holdings in Interparfums by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 3,564 shares of the company’s stock valued at $302,000 after purchasing an additional 107 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Interparfums by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,642 shares of the company’s stock valued at $224,000 after purchasing an additional 110 shares during the last quarter. Finally, State of Wyoming boosted its position in Interparfums by 23.0% during the fourth quarter. State of Wyoming now owns 600 shares of the company’s stock worth $51,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 55.57% of the company’s stock.
Interparfums Price Performance
Interparfums stock opened at $112.01 on Friday. The company has a quick ratio of 2.00, a current ratio of 3.31 and a debt-to-equity ratio of 0.09. The business has a 50-day simple moving average of $119.00 and a 200 day simple moving average of $103.45. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 21.42 and a beta of 1.12. Interparfums, Inc. has a 52 week low of $77.21 and a 52 week high of $129.29.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on IPAR shares. Jefferies Financial Group lifted their target price on shares of Interparfums from $115.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. BWS Financial cut shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price target on the stock. in a research note on Monday, August 17th. Weiss Ratings raised shares of Interparfums from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. The Goldman Sachs Group cut Interparfums from a “buy” rating to a “neutral” rating and lifted their price target for the company from $110.00 to $129.00 in a research report on Monday, August 10th. Finally, Berenberg Bank lowered Interparfums from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $123.29.
Check Out Our Latest Research Report on Interparfums
Insider Buying and Selling
In other Interparfums news, Director Veronique Gabai-Pinsky sold 900 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $116.86, for a total transaction of $105,174.00. Following the transaction, the director directly owned 900 shares in the company, valued at $105,174. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 43.60% of the stock is owned by insiders.
About Interparfums
Inter Parfums, Inc (NASDAQ: IPAR) develops, manufactures and distributes prestige fragrances and fragrance-related products. Its offerings include perfumes, eau de toilette, body care products and other beauty items marketed under a portfolio of internationally recognized designer and luxury brands.
The company operates through European and United States-based activities and typically works under license agreements with fashion houses, luxury-goods companies and other brand owners. Its portfolio has included brands such as Montblanc, Jimmy Choo, Coach, Kate Spade, Karl Lagerfeld, Oscar de la Renta, Rochas, Boucheron and Van Cleef & Arpels.
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