Louisiana State Employees Retirement System Purchases 100 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Louisiana State Employees Retirement System boosted its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,000 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Inter Parfums were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Inter Parfums by 24.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,857 shares of the company’s stock worth $699,000 after buying an additional 952 shares in the last quarter. Signaturefd LLC boosted its position in shares of Inter Parfums by 87.4% during the 4th quarter. Signaturefd LLC now owns 223 shares of the company’s stock valued at $32,000 after acquiring an additional 104 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Inter Parfums by 55.2% during the fourth quarter. New York State Common Retirement Fund now owns 44,504 shares of the company’s stock worth $6,409,000 after purchasing an additional 15,837 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of Inter Parfums by 9.1% in the fourth quarter. Yousif Capital Management LLC now owns 9,666 shares of the company’s stock worth $1,392,000 after purchasing an additional 805 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Inter Parfums by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 11,393 shares of the company’s stock valued at $1,641,000 after purchasing an additional 81 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

Inter Parfums Trading Down 0.7 %

NASDAQ IPAR opened at $124.12 on Wednesday. The firm has a market cap of $3.97 billion, a PE ratio of 28.60 and a beta of 1.18. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $156.75. The stock has a 50-day moving average of $124.87 and a 200-day moving average of $128.28. The company has a current ratio of 2.75, a quick ratio of 1.43 and a debt-to-equity ratio of 0.13.

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

Insiders Place Their Bets

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 43.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Thursday, August 8th. DA Davidson restated a “buy” rating and set a $192.00 price target on shares of Inter Parfums in a research report on Wednesday, August 7th. Jefferies Financial Group upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Friday, July 12th. Piper Sandler reissued an “overweight” rating and set a $151.00 price objective (up from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. Finally, StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Inter Parfums currently has an average rating of “Moderate Buy” and an average price target of $163.75.

Inter Parfums Profile

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.