Charles Schwab Investment Management Inc. Boosts Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Charles Schwab Investment Management Inc. boosted its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 0.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 190,331 shares of the company’s stock after purchasing an additional 1,129 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Inter Parfums were worth $24,644,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC raised its holdings in Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company’s stock valued at $33,000 after buying an additional 88 shares during the period. Blue Trust Inc. raised its holdings in Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after buying an additional 296 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Inter Parfums in the third quarter valued at approximately $209,000. Choreo LLC purchased a new position in Inter Parfums in the second quarter valued at approximately $213,000. Finally, Berry Wealth Group LP raised its holdings in Inter Parfums by 7.4% in the second quarter. Berry Wealth Group LP now owns 1,850 shares of the company’s stock valued at $215,000 after buying an additional 128 shares during the period. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IPAR. Piper Sandler lifted their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday. BWS Financial reiterated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research note on Monday, November 11th. Finally, DA Davidson reiterated a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Inter Parfums currently has an average rating of “Moderate Buy” and an average price target of $159.75.

Insider Buying and Selling

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

Inter Parfums Stock Down 1.9 %

Shares of NASDAQ:IPAR opened at $136.86 on Friday. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $127.00 and a 200 day simple moving average of $123.93. The firm has a market cap of $4.38 billion, a PE ratio of 29.37 and a beta of 1.20. Inter Parfums, Inc. has a 12-month low of $108.39 and a 12-month high of $156.75.

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

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.