Benjamin Edwards Inc. Buys 1,064 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Benjamin Edwards Inc. lifted its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 68.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,626 shares of the company’s stock after purchasing an additional 1,064 shares during the period. Benjamin Edwards Inc.’s holdings in Inter Parfums were worth $305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IPAR. Principal Securities Inc. bought a new stake in Inter Parfums during the 4th quarter valued at $30,000. Whittier Trust Co. purchased a new position in shares of Inter Parfums during the first quarter valued at $31,000. Johnson Financial Group Inc. purchased a new stake in Inter Parfums in the fourth quarter worth about $33,000. CWM LLC lifted its stake 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 acquiring an additional 88 shares during the period. Finally, Hexagon Capital Partners LLC lifted its stake in Inter Parfums by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 121 shares during the period. Institutional investors own 55.57% of the company’s stock.

Analyst Upgrades and Downgrades

IPAR has been the subject of a number of research reports. Jefferies Financial Group raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research note on Friday, July 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $151.00 price objective (up from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. BWS Financial reaffirmed a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Thursday, August 8th. DA Davidson reiterated a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a report on Friday, September 13th. Finally, StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. One investment 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.

Insider Activity

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 43.90% of the company’s stock.

Inter Parfums Stock Performance

Shares of Inter Parfums stock opened at $119.49 on Friday. The company has a market capitalization of $3.83 billion, a PE ratio of 27.53 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58. The company has a 50-day simple moving average of $126.52 and a two-hundred day simple moving average of $124.88. Inter Parfums, Inc. has a one year low of $108.39 and a one year high of $156.75.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.09. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The firm had revenue of $342.00 million for the quarter, compared to the consensus estimate of $342.00 million. During the same quarter in the prior year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts expect that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

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.