Interparfums, Inc. $IPAR Shares Purchased by Versor Investments LP

Versor Investments LP grew its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR) by 234.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,526 shares of the company’s stock after buying an additional 7,381 shares during the period. Versor Investments LP’s holdings in Interparfums were worth $1,036,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Exchange Traded Concepts LLC purchased a new position in shares of Interparfums in the third quarter worth about $34,000. First Horizon Advisors Inc. lifted its stake in Interparfums by 71.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock worth $49,000 after purchasing an additional 156 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Interparfums during the 2nd quarter worth approximately $84,000. Blue Trust Inc. grew its position in shares of Interparfums by 34.6% in the second quarter. Blue Trust Inc. now owns 681 shares of the company’s stock valued at $89,000 after purchasing an additional 175 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of Interparfums in the second quarter valued at approximately $127,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Interparfums Stock Performance

Shares of IPAR stock opened at $100.05 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.99 and a current ratio of 3.27. The firm has a market cap of $3.21 billion, a P/E ratio of 19.58 and a beta of 1.24. The firm’s 50 day moving average price is $88.94 and its 200-day moving average price is $97.17. Interparfums, Inc. has a one year low of $77.21 and a one year high of $148.15.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Sanford C. Bernstein upgraded Interparfums to a “strong-buy” rating in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Interparfums in a report on Monday, December 29th. BWS Financial reissued a “neutral” rating and issued a $85.00 price objective on shares of Interparfums in a report on Thursday, January 29th. Jefferies Financial Group began coverage on shares of Interparfums in a research note on Wednesday, January 14th. They set a “buy” rating and a $112.00 target price on the stock. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $123.00 target price on shares of Interparfums in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.14.

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.