Public Sector Pension Investment Board Acquires 10,080 Shares of Interparfums, Inc. $IPAR

Public Sector Pension Investment Board lifted its holdings in Interparfums, Inc. (NASDAQ:IPAR) by 16.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,421 shares of the company’s stock after purchasing an additional 10,080 shares during the period. Public Sector Pension Investment Board’s holdings in Interparfums were worth $7,026,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Westwood Holdings Group Inc. lifted 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 worth $101,843,000 after buying an additional 310,712 shares during the last quarter. London Co. of Virginia bought a new position in shares of Interparfums in the 2nd quarter valued at approximately $27,647,000. Squarepoint Ops LLC lifted its holdings in Interparfums by 249.3% in the 2nd quarter. Squarepoint Ops LLC now owns 225,907 shares of the company’s stock worth $29,664,000 after purchasing an additional 161,239 shares during the last quarter. Man Group plc boosted its position in Interparfums by 572.8% during the second quarter. Man Group plc now owns 187,058 shares of the company’s stock worth $24,563,000 after purchasing an additional 159,254 shares during the period. Finally, Tributary Capital Management LLC raised its position in shares of Interparfums by 139.6% in the third quarter. Tributary Capital Management LLC now owns 228,520 shares of the company’s stock valued at $22,482,000 after purchasing an additional 133,131 shares during the period. 55.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on IPAR shares. BWS Financial reaffirmed a “neutral” rating and set a $85.00 price objective on shares of Interparfums in a report on Thursday, January 29th. UBS Group set a $103.00 price target on shares of Interparfums in a report on Friday, November 21st. Berenberg Bank initiated coverage on Interparfums in a research report on Friday, November 21st. They set a “buy” rating and a $103.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $123.00 target price on shares of Interparfums in a report on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Interparfums in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Interparfums presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.14.

Interparfums Stock Performance

Shares of NASDAQ IPAR opened at $100.75 on Wednesday. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 19.72 and a beta of 1.24. Interparfums, Inc. has a one year low of $77.21 and a one year high of $148.15. The business has a fifty day simple moving average of $91.26 and a 200 day simple moving average of $96.30. The company has a current ratio of 3.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.13.

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.