SG Americas Securities LLC Sells 6,707 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

SG Americas Securities LLC cut its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 77.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,962 shares of the company’s stock after selling 6,707 shares during the period. SG Americas Securities LLC’s holdings in Inter Parfums were worth $254,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. bought a new stake in Inter Parfums during the 1st quarter valued at approximately $31,000. Hexagon Capital Partners LLC lifted its position in shares of Inter Parfums by 84.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock worth $37,000 after buying an additional 121 shares during the period. CWM LLC boosted its stake in Inter Parfums by 44.4% in the 2nd quarter. CWM LLC now owns 286 shares of the company’s stock valued at $33,000 after buying an additional 88 shares in the last quarter. Mendota Financial Group LLC bought a new stake in Inter Parfums in the second quarter valued at $89,000. Finally, Choreo LLC acquired a new position in Inter Parfums during the second quarter worth $213,000. Institutional investors own 55.57% of the company’s stock.

Insiders Place Their Bets

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the stock in a transaction dated Monday, August 19th. The stock was 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 can be accessed through the SEC website. Corporate insiders own 43.90% of the company’s stock.

Inter Parfums Stock Down 1.1 %

NASDAQ:IPAR opened at $119.30 on Tuesday. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 27.49 and a beta of 1.15. 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 stock’s fifty day moving average price is $122.82 and its two-hundred day moving average price is $122.76. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $156.75.

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 analysts’ consensus estimates of $1.05 by $0.09. The company 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 firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 EPS. On average, analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Jefferies Financial Group raised Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Friday, July 12th. BWS Financial reissued a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Thursday, August 8th. 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. Finally, Piper Sandler restated an “overweight” rating and issued 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 given 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 a consensus price target 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.