Inter Parfums, Inc. (NASDAQ:IPAR) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 125.3% during the third quarter, Holdings Channel reports. The fund owned 7,479 shares of the company’s stock after buying an additional 4,160 shares during the quarter. Intech Investment Management LLC’s holdings in Inter Parfums were worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. CWM LLC grew its position in Inter Parfums by 44.4% during the 2nd quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after purchasing an additional 88 shares during the period. Commonwealth Equity Services LLC grew its holdings in Inter Parfums by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company’s stock worth $390,000 after acquiring an additional 92 shares during the period. Louisiana State Employees Retirement System raised its position in Inter Parfums by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company’s stock valued at $1,044,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System lifted its holdings in Inter Parfums by 2.0% in the second quarter. Arizona State Retirement System now owns 5,378 shares of the company’s stock valued at $624,000 after acquiring an additional 105 shares during the period. Finally, Inspire Investing LLC boosted its position in Inter Parfums by 3.9% in the 3rd quarter. Inspire Investing LLC now owns 3,208 shares of the company’s stock worth $415,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Monday, November 11th. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler dropped their target price on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 13th. Finally, DA Davidson reiterated a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.50.

Inter Parfums Stock Up 0.4 %

IPAR opened at $138.09 on Thursday. The company has a market cap of $4.42 billion, a PE ratio of 29.50 and a beta of 1.16. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $156.75. The company has a 50-day moving average price of $124.70 and a 200 day moving average price of $123.20. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The business had revenue of $425.00 million for the quarter, compared to the consensus estimate of $425.00 million. During the same quarter last year, the business posted $1.66 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. Sell-side analysts expect that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Insider Transactions at Inter Parfums

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 43.90% of the company’s stock.

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.