Thrivent Financial for Lutherans Has $1.73 Million Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Thrivent Financial for Lutherans cut its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,887 shares of the company’s stock after selling 650 shares during the period. Thrivent Financial for Lutherans’ holdings in Inter Parfums were worth $1,727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IPAR. Whittier Trust Co. bought a new stake in shares of Inter Parfums in the 1st quarter valued at about $31,000. CWM LLC raised its stake in shares of Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after purchasing an additional 88 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings 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 in the last quarter. TFO Wealth Partners LLC grew its holdings in shares of Inter Parfums by 57,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 575 shares of the company’s stock valued at $83,000 after acquiring an additional 574 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new position in Inter Parfums during the second quarter valued at $89,000. 55.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IPAR shares. DA Davidson reaffirmed a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a report on Friday, September 13th. Piper Sandler restated an “overweight” rating and set a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a research report on Tuesday, July 23rd. StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a 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 on the stock in a report on Friday, July 12th. Finally, BWS Financial reissued a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Thursday, August 8th. One investment 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 presently has an average rating of “Moderate Buy” and an average price target of $156.50.

Inter Parfums Price Performance

Shares of NASDAQ IPAR opened at $125.77 on Thursday. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $156.75. The firm has a market cap of $4.03 billion, a P/E ratio of 28.98 and a beta of 1.16. The company has a 50 day moving average of $126.37 and a 200 day moving average of $124.23. The company has a quick ratio of 1.27, a current ratio of 2.58 and a debt-to-equity ratio of 0.12.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 10.38% and a return on equity of 15.82%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 EPS. As a group, research analysts expect that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Insider Buying and Selling at Inter Parfums

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 legal filing with the SEC, which is available through this link. Insiders own 43.90% of the company’s stock.

Inter Parfums Company 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.