Inter Parfums, Inc. (NASDAQ:IPAR) Director Sells $37,605.00 in Stock

Inter Parfums, Inc. (NASDAQ:IPARGet Free Report) Director Gilbert Harrison sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $150.42, for a total transaction of $37,605.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $150,420. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Inter Parfums Stock Up 1.0 %

IPAR opened at $152.19 on Monday. Inter Parfums, Inc. has a 12 month low of $113.63 and a 12 month high of $161.17. The company has a current ratio of 2.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15. The company has a market cap of $4.87 billion, a PE ratio of 30.75 and a beta of 1.15. The company has a 50 day moving average of $139.73 and a 200 day moving average of $135.07.

Institutional Trading of Inter Parfums

Several institutional investors and hedge funds have recently bought and sold shares of IPAR. Morgan Stanley lifted its stake in Inter Parfums by 431.0% in the 4th quarter. Morgan Stanley now owns 1,018,907 shares of the company’s stock worth $98,345,000 after purchasing an additional 827,032 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in Inter Parfums in the 1st quarter worth approximately $19,936,000. Norges Bank purchased a new stake in Inter Parfums in the 4th quarter worth approximately $32,493,000. Acadian Asset Management LLC lifted its stake in Inter Parfums by 47.4% in the 2nd quarter. Acadian Asset Management LLC now owns 543,032 shares of the company’s stock worth $73,403,000 after purchasing an additional 174,540 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Inter Parfums by 94.4% in the 3rd quarter. Invesco Ltd. now owns 276,433 shares of the company’s stock worth $37,136,000 after purchasing an additional 134,243 shares in the last quarter. 55.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. DA Davidson raised their price objective on shares of Inter Parfums from $191.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Piper Sandler raised their price objective on shares of Inter Parfums from $175.00 to $176.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th.

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About Inter Parfums

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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.

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Insider Buying and Selling by Quarter for Inter Parfums (NASDAQ:IPAR)

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