Harbor Capital Advisors Inc. Has $636,000 Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Harbor Capital Advisors Inc. increased its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 306.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,478 shares of the company’s stock after acquiring an additional 4,131 shares during the period. Harbor Capital Advisors Inc.’s holdings in Inter Parfums were worth $636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in Inter Parfums in the 4th quarter valued at $30,000. Whittier Trust Co. acquired a new position in Inter Parfums in the first quarter valued at about $31,000. Signaturefd LLC grew its stake in Inter Parfums by 87.4% during the fourth quarter. Signaturefd LLC now owns 223 shares of the company’s stock worth $32,000 after buying an additional 104 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in Inter Parfums during the fourth quarter worth about $33,000. Finally, Hexagon Capital Partners LLC raised its stake in shares of Inter Parfums by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after acquiring an additional 121 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Inter Parfums Trading Up 1.9 %

Inter Parfums stock traded up $2.42 during midday trading on Wednesday, hitting $132.70. 217,838 shares of the stock were exchanged, compared to its average volume of 146,999. Inter Parfums, Inc. has a 52 week low of $108.39 and a 52 week high of $156.75. The company has a quick ratio of 1.43, a current ratio of 2.75 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $4.25 billion, a PE ratio of 30.02 and a beta of 1.18. The company has a fifty day simple moving average of $121.76 and a two-hundred day simple moving average of $129.90.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.09. The company had revenue of $342.00 million during the quarter, compared to analyst estimates of $342.00 million. Inter Parfums had a net margin of 10.50% and a return on equity of 15.85%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. Equities research analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group raised Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Friday, July 12th. Piper Sandler restated an “overweight” rating and issued a $151.00 price objective (up previously from $150.00) on shares of Inter Parfums in a research report on Tuesday, July 23rd. BWS Financial restated a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a research report on Thursday, May 9th. DA Davidson reiterated a “buy” rating and issued a $192.00 price target on shares of Inter Parfums in a report on Monday, July 22nd. Finally, StockNews.com cut shares of Inter Parfums from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $163.75.

About Inter Parfums

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.