Quest Partners LLC Buys Shares of 2,356 Inter Parfums, Inc. (NASDAQ:IPAR)

Quest Partners LLC bought a new stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,356 shares of the company’s stock, valued at approximately $273,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IPAR. Norges Bank bought a new stake in Inter Parfums during the 4th quarter valued at $32,493,000. Artisan Partners Limited Partnership bought a new stake in Inter Parfums during the 4th quarter valued at $16,226,000. F M Investments LLC bought a new stake in Inter Parfums during the 2nd quarter valued at $9,328,000. First Trust Advisors LP raised its position in shares of Inter Parfums by 43.0% in the 4th quarter. First Trust Advisors LP now owns 201,643 shares of the company’s stock worth $29,039,000 after acquiring an additional 60,606 shares in the last quarter. Finally, Burney Co. bought a new position in shares of Inter Parfums in the 1st quarter worth $5,327,000. 55.57% of the stock is owned by institutional investors.

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was 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 this hyperlink. Company insiders own 43.90% of the company’s stock.

Inter Parfums Stock Up 2.2 %

Shares of IPAR stock opened at $117.54 on Friday. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $156.75. The stock’s fifty day moving average price is $126.59 and its 200 day moving average price is $125.92. 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 company has a market cap of $3.76 billion, a price-to-earnings ratio of 27.08 and a beta of 1.16.

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research report on Thursday, August 8th. Jefferies Financial Group raised Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Friday, July 12th. DA Davidson reissued a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a research report on Friday. StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Piper Sandler restated an “overweight” rating and set a $151.00 target price (up from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.50.

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.