Inter Parfums, Inc. (IPAR) Stake Lowered by Royce & Associates LP

Royce & Associates LP decreased its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 579,255 shares of the company’s stock after selling 4,500 shares during the quarter. Royce & Associates LP’s holdings in Inter Parfums were worth $25,169,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Inter Parfums by 5.5% in the fourth quarter. BlackRock Inc. now owns 2,773,519 shares of the company’s stock valued at $120,509,000 after purchasing an additional 144,319 shares during the period. Rhumbline Advisers raised its position in shares of Inter Parfums by 12.8% in the fourth quarter. Rhumbline Advisers now owns 52,828 shares of the company’s stock valued at $2,295,000 after purchasing an additional 5,991 shares during the period. Arizona State Retirement System raised its position in shares of Inter Parfums by 223.6% in the fourth quarter. Arizona State Retirement System now owns 28,830 shares of the company’s stock valued at $1,253,000 after purchasing an additional 19,921 shares during the period. Wells Fargo & Company MN raised its position in shares of Inter Parfums by 115.0% in the fourth quarter. Wells Fargo & Company MN now owns 56,545 shares of the company’s stock valued at $2,458,000 after purchasing an additional 30,239 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of Inter Parfums in the fourth quarter valued at approximately $258,000. 55.10% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on IPAR. DA Davidson raised shares of Inter Parfums from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $46.00 to $51.00 in a research report on Wednesday, January 10th. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Saturday, February 3rd. BidaskClub lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. Sidoti lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Finally, Citigroup set a $52.00 target price on shares of Inter Parfums and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Inter Parfums presently has an average rating of “Hold” and a consensus target price of $45.33.

Inter Parfums, Inc. (NASDAQ:IPAR) opened at $45.55 on Tuesday. Inter Parfums, Inc. has a 52-week low of $33.72 and a 52-week high of $48.35. The stock has a market cap of $1,420.56, a price-to-earnings ratio of 33.49, a P/E/G ratio of 2.58 and a beta of 1.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39.

In other Inter Parfums news, CFO Russell Greenberg sold 7,595 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $47.59, for a total value of $361,446.05. Following the sale, the chief financial officer now owns 5,000 shares of the company’s stock, valued at approximately $237,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Philippe Santi sold 600 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $43.86, for a total transaction of $26,316.00. Following the completion of the sale, the chief financial officer now directly owns 600 shares in the company, valued at approximately $26,316. The disclosure for this sale can be found here. Insiders have sold 44,595 shares of company stock worth $2,010,612 in the last ninety days. 45.40% of the stock is currently owned by insiders.

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Inter Parfums Company Profile

Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.

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Institutional Ownership by Quarter for Inter Parfums (NASDAQ:IPAR)

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