Inspire Investing LLC Purchases 504 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Inspire Investing LLC increased its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 19.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,088 shares of the company’s stock after buying an additional 504 shares during the period. Inspire Investing LLC’s holdings in Inter Parfums were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of IPAR. Vanguard Group Inc. boosted its position in Inter Parfums by 1.5% in the first quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company’s stock worth $288,718,000 after purchasing an additional 30,316 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Inter Parfums by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company’s stock worth $85,384,000 after purchasing an additional 4,862 shares during the period. American Century Companies Inc. raised its stake in shares of Inter Parfums by 50.1% during the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock worth $36,846,000 after purchasing an additional 106,044 shares during the period. Bahl & Gaynor Inc. boosted its holdings in shares of Inter Parfums by 0.4% in the 2nd quarter. Bahl & Gaynor Inc. now owns 253,443 shares of the company’s stock worth $29,407,000 after buying an additional 1,023 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in Inter Parfums by 0.6% during the second quarter. William Blair Investment Management LLC now owns 234,527 shares of the company’s stock valued at $27,212,000 after buying an additional 1,390 shares during the period. 55.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 43.90% of the stock is currently owned by insiders.

Inter Parfums Price Performance

Inter Parfums stock opened at $119.49 on Friday. The firm has a market capitalization of $3.83 billion, a P/E ratio of 27.53 and a beta of 1.16. Inter Parfums, Inc. has a one year low of $108.39 and a one year high of $156.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.58 and a quick ratio of 1.27. The business has a fifty day moving average price of $126.52 and a 200-day moving average price of $124.88.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, August 6th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.05 by $0.09. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The business had revenue of $342.00 million during the quarter, compared to the consensus estimate of $342.00 million. During the same quarter last year, the company earned $1.09 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts forecast that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IPAR shares. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Thursday, August 8th. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. DA Davidson restated a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research note on Friday, September 13th. Piper Sandler reiterated an “overweight” rating and set a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. Finally, 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 research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.50.

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.