Glenmede Trust Co. NA Grows Stake in Inter Parfums, Inc. (NASDAQ:IPAR)

Glenmede Trust Co. NA lifted its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 22.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,960 shares of the company’s stock after purchasing an additional 1,443 shares during the period. Glenmede Trust Co. NA’s holdings in Inter Parfums were worth $1,031,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. CWM LLC increased its position in Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after buying an additional 88 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Inter Parfums by 2.8% in the 2nd 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 last quarter. Louisiana State Employees Retirement System raised its stake in Inter Parfums by 1.1% in the 2nd 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 during the period. Arizona State Retirement System lifted its holdings in Inter Parfums by 2.0% during the second quarter. Arizona State Retirement System now owns 5,378 shares of the company’s stock valued at $624,000 after purchasing an additional 105 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in Inter Parfums by 3.9% during the third quarter. Inspire Investing LLC now owns 3,208 shares of the company’s stock worth $415,000 after purchasing an additional 120 shares during the period. Institutional investors own 55.57% of the company’s stock.

Insiders Place Their Bets

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the business’s stock in a transaction on 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 Securities & Exchange Commission, which is available through this link. 43.90% of the stock is owned by insiders.

Inter Parfums Price Performance

Shares of NASDAQ IPAR opened at $139.92 on Tuesday. The firm has a market capitalization of $4.48 billion, a P/E ratio of 30.03 and a beta of 1.16. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The stock’s 50-day simple moving average is $126.20 and its two-hundred day simple moving average is $123.64. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $156.75.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The company had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. During the same period in the prior year, the business earned $1.66 earnings per share. Inter Parfums’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, equities analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.