Olympiad Research LP Invests $505,000 in Inter Parfums, Inc. (NASDAQ:IPAR)

Olympiad Research LP purchased a new stake in Inter Parfums, Inc. (NASDAQ:IPAR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,902 shares of the company’s stock, valued at approximately $505,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UniSuper Management Pty Ltd acquired a new stake in Inter Parfums in the first quarter valued at $638,000. Bessemer Group Inc. boosted its holdings in Inter Parfums by 6.0% during the first quarter. Bessemer Group Inc. now owns 85,990 shares of the company’s stock worth $12,082,000 after buying an additional 4,880 shares in the last quarter. Empowered Funds LLC acquired a new position in Inter Parfums during the first quarter worth about $1,018,000. Harbor Capital Advisors Inc. grew its position in Inter Parfums by 306.7% during the second quarter. Harbor Capital Advisors Inc. now owns 5,478 shares of the company’s stock worth $636,000 after buying an additional 4,131 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Inter Parfums in the first quarter valued at about $601,000. Institutional investors and hedge funds own 55.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IPAR shares. StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Jefferies Financial Group upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Friday, July 12th. BWS Financial restated a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a report on Wednesday, October 23rd. DA Davidson reaffirmed a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a report on Tuesday, October 22nd. Finally, Piper Sandler reissued an “overweight” rating and set a $151.00 price objective (up from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.50.

Insider Buying and Selling

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 43.90% of the stock is owned by company insiders.

Inter Parfums Stock Up 1.3 %

Shares of NASDAQ:IPAR opened at $128.06 on Thursday. The stock’s fifty day simple moving average is $122.33 and its 200-day simple moving average is $122.41. The company has a quick ratio of 1.27, a current ratio of 2.58 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $4.10 billion, a P/E ratio of 29.17 and a beta of 1.16. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $156.75.

Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The firm had revenue of $342.00 million for the quarter, compared to analyst estimates of $342.00 million. During the same quarter last year, the business earned $1.09 earnings per share. Inter Parfums’s revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts forecast that Inter Parfums, Inc. will post 5.17 earnings per share for the current fiscal 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.