Pinestone Asset Management Reduces $10M in Interparfums, Inc. ($IPAR)
Key Points
- Pinestone Asset Management changed its Interparfums, Inc. ($IPAR) stake by 87.6% last quarter, cutting to 13,701 shares worth $1.39 million.
- Wall Street's consensus rating on $IPAR is Strong Buy and an average price target of $109.33.
- $IPAR last traded around $101.78.
Pinestone Asset Management reduced its position in Interparfums, Inc. ($IPAR) by 87.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,701 shares of Interparfums, Inc. after selling 97,151 shares during the quarter. Pinestone Asset Management's holdings in Interparfums, Inc. were worth $1.39 million as of its most recent filing.
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About Interparfums, Inc.
Interparfums, 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, Longchamp, Off-White, Van Cleef & Arpels, Abercrombie & Fitch, Anna Sui, Donna Karan, DKNY, Emanuel Ungaro, Ferragamo, Graff, GUESS, Hollister, MCM, Oscar de la Renta, Ungaro, and Roberto Cavalli brands, as well as French Connection, Intimate, Solférino, Tristar, and Lacoste trademarks. It sells its products to department stores, perfumeries, specialty stores, duty free shops, and domestic and international wholesalers and distributors, as well as through e-commerce sites. The company was formerly known as Jean Philippe Fragrances, Inc. and changed its name to Inter Parfums, Inc. in July 1999. Interparfums, Inc. was founded in 1982 and is headquartered in New York, New York.
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