Advantage Alpha Capital Partners LP Decreases Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Advantage Alpha Capital Partners LP lessened its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 33.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,216 shares of the company’s stock after selling 11,748 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.07% of Inter Parfums worth $3,006,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its holdings 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 purchasing an additional 4,131 shares in the last quarter. Janus Henderson Group PLC raised its stake in Inter Parfums by 119.7% during the 1st quarter. Janus Henderson Group PLC now owns 19,953 shares of the company’s stock worth $2,804,000 after acquiring an additional 10,870 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Inter Parfums in the first quarter valued at $601,000. WCM Investment Management LLC lifted its position in Inter Parfums by 2.9% in the third quarter. WCM Investment Management LLC now owns 193,660 shares of the company’s stock valued at $24,835,000 after acquiring an additional 5,482 shares during the last quarter. Finally, Algert Global LLC boosted its stake in Inter Parfums by 18.6% in the second quarter. Algert Global LLC now owns 70,564 shares of the company’s stock valued at $8,188,000 after acquiring an additional 11,089 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Price Performance

Shares of NASDAQ:IPAR opened at $138.39 on Tuesday. The company has a 50-day moving average price of $123.92 and a 200 day moving average price of $122.97. Inter Parfums, Inc. has a 52 week low of $108.39 and a 52 week high of $156.75. The company has a market cap of $4.43 billion, a P/E ratio of 29.70 and a beta of 1.16. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. During the same period last year, the firm posted $1.66 EPS. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. Research analysts predict that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IPAR has been the subject of several research reports. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. BWS Financial reiterated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Monday, November 11th. DA Davidson reissued a “buy” rating and issued a $163.00 price objective on shares of Inter Parfums in a report on Tuesday, November 12th. Finally, Piper Sandler cut their target price on shares of Inter Parfums from $158.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.50.

About Inter Parfums

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.