New York State Common Retirement Fund Has $1.08 Million Stock Holdings in Interparfums, Inc. $IPAR

New York State Common Retirement Fund decreased its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR) by 38.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,932 shares of the company’s stock after selling 6,766 shares during the quarter. New York State Common Retirement Fund’s holdings in Interparfums were worth $1,075,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. boosted its position in shares of Interparfums by 66.8% in the second quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company’s stock valued at $101,843,000 after acquiring an additional 310,712 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Interparfums by 2.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 714,891 shares of the company’s stock valued at $93,872,000 after purchasing an additional 15,453 shares during the last quarter. State Street Corp boosted its holdings in Interparfums by 0.3% in the 2nd quarter. State Street Corp now owns 678,162 shares of the company’s stock valued at $89,049,000 after purchasing an additional 2,311 shares during the period. Geode Capital Management LLC grew its position in Interparfums by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 447,354 shares of the company’s stock worth $58,748,000 after purchasing an additional 2,295 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its holdings in shares of Interparfums by 8.5% during the 2nd quarter. Bahl & Gaynor Inc. now owns 406,497 shares of the company’s stock worth $53,377,000 after purchasing an additional 31,850 shares during the period. 55.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Interparfums from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Jefferies Financial Group started coverage on Interparfums in a report on Wednesday, January 14th. They issued a “buy” rating and a $112.00 price target for the company. UBS Group set a $103.00 price objective on Interparfums in a report on Friday, November 21st. Sanford C. Bernstein upgraded Interparfums to a “strong-buy” rating in a research report on Tuesday, October 21st. Finally, BWS Financial reaffirmed a “neutral” rating and issued a $85.00 target price on shares of Interparfums in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $119.14.

Interparfums Price Performance

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

About Interparfums

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.