Geode Capital Management LLC Grows Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Geode Capital Management LLC grew its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 436,137 shares of the company’s stock after buying an additional 5,056 shares during the period. Geode Capital Management LLC owned 1.36% of Inter Parfums worth $56,481,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IPAR. 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. Burney Co. raised its position in shares of Inter Parfums by 27.0% in the second quarter. Burney Co. now owns 48,137 shares of the company’s stock valued at $5,585,000 after purchasing an additional 10,225 shares during the period. F M Investments LLC bought a new stake in shares of Inter Parfums in the second quarter valued at approximately $9,328,000. TrueMark Investments LLC purchased a new stake in shares of Inter Parfums during the 2nd quarter valued at approximately $366,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Inter Parfums in the 2nd quarter worth approximately $296,000. Institutional investors own 55.57% of the company’s stock.

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $133.04, for a total transaction of $532,160.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 43.90% of the stock is currently owned by company insiders.

Inter Parfums Trading Down 2.0 %

Inter Parfums stock opened at $127.77 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. Inter Parfums, Inc. has a fifty-two week low of $108.39 and a fifty-two week high of $156.75. The stock has a market cap of $4.09 billion, a P/E ratio of 27.42 and a beta of 1.20. The firm’s fifty day moving average price is $129.13 and its 200-day moving average price is $125.14.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on IPAR shares. BWS Financial reissued a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a report on Monday, November 11th. Piper Sandler raised their target price on Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, DA Davidson reaffirmed a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a report on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $159.75.

About Inter Parfums

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.