Mutual of America Capital Management LLC Sells 250 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Mutual of America Capital Management LLC lessened its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 8.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,698 shares of the company’s stock after selling 250 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Inter Parfums were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in IPAR. Harbor Capital Advisors Inc. grew its position in shares of Inter Parfums by 306.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,478 shares of the company’s stock worth $636,000 after buying an additional 4,131 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Inter Parfums by 119.7% during the first quarter. Janus Henderson Group PLC now owns 19,953 shares of the company’s stock worth $2,804,000 after purchasing an additional 10,870 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Inter Parfums during the first quarter worth $601,000. WCM Investment Management LLC lifted its holdings in shares of Inter Parfums by 2.9% during the 3rd quarter. WCM Investment Management LLC now owns 193,660 shares of the company’s stock valued at $24,835,000 after purchasing an additional 5,482 shares during the last quarter. Finally, Algert Global LLC boosted its position in shares of Inter Parfums by 18.6% in the 2nd quarter. Algert Global LLC now owns 70,564 shares of the company’s stock worth $8,188,000 after purchasing an additional 11,089 shares in the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Inter Parfums Trading Up 0.4 %

Shares of NASDAQ:IPAR opened at $138.09 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $156.75. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 29.63 and a beta of 1.16. The business has a 50-day moving average price of $125.08 and a 200-day moving average price of $123.31.

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

Insider Activity at Inter Parfums

In related 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 document filed with the SEC, which can be accessed through the SEC website. 43.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. BWS Financial reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research report on Monday, November 11th. Piper Sandler lowered their target price on shares of Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, November 13th. Finally, DA Davidson restated a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a research note on Tuesday, November 12th. One investment 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 currently has an average rating of “Moderate Buy” and an average price target of $157.50.

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.